Mega Backdoor Roth Contributions: A Powerful Strategy for High Earners with Solo 401(k) Plans
When it comes to maximizing tax-advantaged retirement savings, high earners often encounter barriers—contribution caps, income thresholds, and limited access to Roth accounts. The traditional backdoor Roth IRA offers a workaround, but it comes with constraints, including relatively low contribution limits and potential tax complications if you have pre-tax IRA assets, due to the pro-rata rule.…
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