I understand the benefits of mega backdoor roth but want to understand who are the demographics of people doing this

Can you list your age and total family income with spouse (if applicable)? Also what was your rationale to max out on the mega backdoor (vs. just traditional 401K + backdoor roth)?

Would appreciate learning from those that have been doing it for some time

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I work at Accenture. Accenture lets us do 15k in mega backdoor Roth every year. I make 156k and am single. Mid 20s. I do it because I’m already maxing out HSA, IRA, regular 401k, and still saving plenty in regular brokerage account.

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Age 38 and $250k income. I already max out 401k and Backdoor Roth IRA — and have $ left over to invest/save/etc. My company only allows $10k into Mega Backdoor, so I max that and then put the rest into a brokerage account.

Most people don’t even have the option to do it, so not sure how useful this will be to you.

Short answer is those interested in FIRE and doctors... professionals who are making good incomes but maybe weren't able to start saving for retirement early in their career due to loans and life but are not trying to make up for it to be able to retire comfortably and maybe earlier than standard retirement age.

I’m doing the mega back door of 15k in an after tax account. Is there also a back door Roth? What is that exactly? What’s the difference and what are the maximums allowed. Can someone explain thanks

Do the exact same thing with an IRA as you are doing with your 401k. If you currently have a traditional IRA balance you will have some taxes

So let’s see.
The total 401k limit is $58k
Let’s assume you’re getting an $8k company match
So you’re saving roughly $50k per year
Most people earning $200k or more can easily afford to save this much

You seem to be making a lot assumptions about peoples situation now. Why could a single parent not be making 200k? So are saying there is no way someone making 200k can’t save 50k. I completely disagree but have no desire to continue here. Good day.

24, 150-160k, single

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