Why Is Everyone Talking About the Mega Backdoor Roth IRA?

·4 min read
Why Is Everyone Talking About the Mega Backdoor Roth IRA?

The mega backdoor Roth IRA is a tactic that can supercharge your retirement savings and help you shelter investment growth from taxes in retirement. Using the mega backdoor could allow you to contribute up to $38,500 to a Roth IRA per year. The House Ways and Means Committee thinks it's a loophole that only benefits wealthy Americans, and it should be closed.

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