I currently make over 180k base salary as a single filer with no large purchases planned and 12 months of expenses saved.

Should/Can I do a mega backdoor AND backdoor Roth? Or do you have to choose one or the other?

I'm currently on Fidelity for my retirement plans.

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You can definitely do the backdoor Roth. It’s up to your employer if they allow the mega backdoor Roth, but there’s nothing preventing you from doing both otherwise.

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You should do a backdoor Roth conversion. Otherwise you would not be able to contribute to a Roth IRA due to invoker limits.

For the mega backdoor Roth, if you are maxing out in the other two retirement accounts (401(k) and IRA, and have paid off high interest debt) AND your current employer's retirement plan even offers after tax contributions, then it could make sense.

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What are “invoker limits”?

You should definitely do backdoor Roth $6k if you don't have any traditional IRA balances.

MBDR is great and was in the cross hairs of the BBBA so may not be available forever. I'm in a similar situation except MFJ and hit it hard last year and will again this year, basically forgoing any taxable brokerage contributions to get as much as possible into Roth IRA. I will probably cut back the intensity after this year.

204 I think

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