Mega Backdoor Roth & Solo 401k Explained
from The FI Show Hosted by Cody Berman and Justin Taylor
In this episode, the FI Show Guys give you a step-by-step guide to utilizing the Mega Backdoor Roth and Solo 401k. That means instead of limiting yourself to $19.5k into your 401k, you'll be looking at $58k. And that's true whether you work for a company (Mega Backdoor) or run your own business (Solo 401k). In this episode, you'll learn: The three contribution buckets (pre-tax, Roth, and after-tax) How to calculate your contribution limits Combining company contributions with self-employment contributions (for all you side hustlers) And where you can invest those 401k funds We hope you learn a lot from this episode and implement these strategies into your own financial strategy. Links From the Episode Justin's Mega Backdoor Roth Guide Guide to Active Self-Employment Income Solo 401K Real Estate Investment Guide
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