Mega backdoor Roth
After tax 401(k) contributions converted to Roth, where the plan allows it. Large room, rare plans.
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Words beside it
- Backdoor Roth
Contributing to a traditional IRA and converting it to a Roth, used by people over the Roth income limit. Watch the pro rata rule.
- Conversion (Roth)
Moving money from a traditional account to a Roth and paying tax on it now.
- Roth 401(k)
The Roth version inside a workplace plan; no income limit.
- Roth IRA
An account you fund with taxed money and withdraw from tax free later.
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