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Reply to "Employer 401k Match"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Big tech - 50% up to the federal limit so I put in 24,500 and they put in 12,250. Big tech also supports the back door for after tax contributions so you can put in another 35k into Roth. [/quote] How again are they able to make $35K into Roth ? Isn't $8K the max contribution? [/quote] Through the mega backdoor, https://www.bogleheads.org/wiki/Mega-backdoor_Roth I put in 24.5 pre-tax. Employer puts in 12.25.[b] I put in another 35.25 after-tax and immediately convert to Roth 401k to hit the total contribution limit of 72K. [/b] I also do the regular backdoor for another 7.5K into Roth IRA.[/quote] I assume you aren't taxed on the conversion of $35.25K as that is post-tax money. Are you taxed on gains associated with those contributions as part of the conversion to Roth 401k? Do you convert annually, monthly, etc? [/quote]
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