After writing a walkthrough for how to enter mega backdoor Roth in TurboTax and how to enter mega backdoor Roth in FreeTaxUSA, a reader asked me to do one for H&R Block software as well. A mega ...
How To Enter Mega Backdoor Roth in FreeTaxUSA: A Walkthrough
I did a walkthrough of how to report backdoor Roth in FreeTaxUSA in a previous post. A reader asked me to do another walkthrough for how to report a mega backdoor Roth in FreeTaxUSA. If you use other ...
How To Enter Mega Backdoor Roth in TurboTax: A Walkthrough
A mega backdoor Roth means making non-Roth after-tax contributions to a 401k-type plan and then moving it to the Roth account within the plan or taking the money out (with earnings) to a Roth IRA. ...
401(a) Plan Contribution Limit
Most people working at private companies have a 401(k) plan, and that's it. Those who work at educational institutions or non-profits often have a 403(b) plan, which works more or less the same as a ...
Mega Backdoor Roth: Convert Within Plan or Out to Roth IRA?
Mega backdoor Roth is catching on! Several readers emailed me saying their employer added non-Roth after-tax contributions and allowed converting to Roth within the plan (officially known as an ...
Executing Mega Backdoor Roth In Solo 401k
At the end of 2014, I amended and restated my solo 401k plan from a prototype plan sponsored by Fidelity to a prototype plan sponsored by Ascensus. I did that in order to enable non-Roth after-tax ...