Mega Back Door or Brokerage?

Investing
#1

After maxing out my 403b, is my next step mega back door roth and then brokerage if anything is left over?
Any pointers on how to do mega back door roth correctly? Any common mistakes?
Thanks!

#2

Hey Ala!

I would prioritize the mega backdoor if your employer’s plan allows for it as it offers a great tax break. I haven’t personally ever done one though, so I can’t offer any specific advice! But GENERALLY, if you’re in the kind of income/savings bracket where you can take advantage of one, I’d probably seek out the advice of a CPA who has experience on that matter to help guide you through the tax implications. :slight_smile:

#3

Thanks Jeremy! I appreciate it.

1 Like
#4

Keep us updated. I am doing a Roth 401K and Roth IRA and thinking about what i should do with the rest. Let me know how your journey goes with the mega backdoor

2 Likes
#5

Hi Nirav,
I still have to confirm with my HR if I can do a mega backdoor roth conversion. Also, I still need to do more research on this topic.

1 Like
#6

Same situation here! I’m interested in mega back door also :smile:

1 Like