Mega Back Door Roth IRAs

Scott and Mindy - Love your show! Talk to your 401(k) Plan provider about adding an After Tax Savings feature to your company’s 401(k) Plan (if you don’t already have this feature). Then you can contribute $58,000 - $19,500 - your company’s matching contribution to the After Tax source. You can then consider investing the After Tax $s in the Stable Value/Fixed fund so as not to create a lot of earnings. Then once per year, you can rollover the After Tax contributions to your Roth IRA. Earnings from the After Tax account need to rollover into a Tradition IRA. Given the prorata rules, you want to keep your Traditional IRA amounts very low in order to receive the tax benefits. Hence the Stable Value/Fixed investment potentially. Hope this helps!