Maximize Retirement Savings with Mega Backdoor Roth Solo 401(k): A Guide
This comprehensive guide explains how a Mega Backdoor Roth Solo 401(k) can significantly boost your retirement savings. We'll cover the mechanics, eligibility, potential pitfalls, and steps to successful implementation. Remember, consulting a financial advisor is crucial before making any decisions. Understanding the Mega Backdoor Roth Solo 401(k) The Mega Backdoor Roth Solo 401(k) is a powerful retirement savings strategy leveraging a loophole in the tax code. It allows high-income earners to contribute substantially more to their retirement accounts than traditional methods permit....