Reply to How many people max out BOTH the 401k and 457(B)?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not 457, but max out my 401k and Mega Roth. 24,500 401k +10k employer match +34,500 Mega Roth. Total annual contributions  $69,000.  My DH does 401k, plus his 8k roth catch up. RMDs will kill us. [/quote]

If your DH is contributing directly to a Roth IRA then your joint taxable income for 2025 is less than $236K. Or you're doing Backdoor Roths and you just didn't provide that detail. You're contributing a huge percentage of your income to pre-tax accounts. You should look into Roth Conversions and contributing to Roth 401Ks. You're right, those RMDs are a ticking time bomb unless you take action soon.[/quote]

he turned 50 this year and that’s how the catch ups work now via a roth. And yea my work has a mega back door roth. This year we are considering ditching the traditional 401k since is is over funded and going all in with the roth 401k.

we are going to start the roth conversions but want to be in a position to pay the penalty tax out of our current taxable funds in order to keep the converted roth in tact. that’s what our FA has advised.   But yea taxes are now the focus. [/quote]

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