Retirement and 401(k)

Mega Backdoor Roths: How They Work in 2021

Rodney Brooks
October 4, 2021

If you like the idea of a Roth, then you’re going to love the supersize version, known as a mega backdoor Roth.

If fortune smiles on you, this strategy could allow you to stash an extra $38,500 into a Roth IRA or Roth 401(k) in 2021. But that “if” is big. You could even call it mega.

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Be sure to check out "Fixing the Racial Wealth Gap" by Rodney Brooks

"Rodney A. Brooks's “Fixing the Racial Wealth Gap” is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist. Fixing the Wealth Gap is revealing, humorous, instructive and sobering." - Dr. George C. Fraser