"Roth Conversions Surge: New Rules and Expert Insights for High Earners"
TL;DR Summary
Mega backdoor Roth conversions allow high earners to bypass Roth IRA income limits by shifting after-tax 401(k) contributions to a Roth account, offering significant tax-free growth potential. This strategy is particularly beneficial after maximizing other tax-advantaged options, though not all 401(k) plans permit it. Experts advise reviewing plan details and converting funds regularly to minimize taxes on growth.
- Mega backdoor Roth conversions can be a 'no brainer' for higher earners, expert says CNBC
- Pump Up Your 401(k). New Roth Rules Make It Easy. Barron's
- Inside Business: Flanery: The rise of Roth conversions Estes Park Trail-Gazette
- If Roth IRA $1M Is Your Goal, What You Should Know RealClearMarkets
- Roth conversions are up in 2024 — but it's not always a 'slam dunk,' accountant says CNBC
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