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Reply to "Anyone have a 401k and a MEGA Roth at work?"
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[quote=Anonymous]So apparently my company has high participation accross all salary ranges in the 401k program. This had allowed them to offer a mega roth. Sounds WAY too good to be true. They are saying we can contribute up to 16,500 of after tax money this year into our 401k account (mind you this is taxable income) and then prior to the close of the tax year we can convert that entire 16.5k into a roth. They say that if employee participation is also high on this, the contribution limit will be raised for next year. This all sounds amazing. Too amazing to be allowed such a high contribution with this alleged loophole our 401k admin has set up for us.[/quote]
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