Reported 2 days ago
High-income earners can utilize the mega-backdoor Roth strategy to contribute up to $70,000 to their 401(k) plans in 2025, greatly enhancing their retirement savings. This three-step method allows taxpayers to make after-tax contributions to their 401(k), which can then be converted to Roth accounts for tax-free growth and withdrawals. While this strategy is growing in popularity, it is still not widely available in many company plans, and may require higher incomes to fully benefit.
Source: YAHOO