[USER]

My husband and I both have a 401k plan with after tax in-plan Roth conversion option (basically a mega backdoor Roth conversion). Do people recommend to max out this mega backdoor Roth contribution? The contribution limit is $66k per person, total would be $132k.

That’s a lot of money to set aside for retirement and we are not sure if this is a good way to save/invest the money.

[Don]

If you have enough to pay the taxes.

[Jule]

Absolutely! We do every year, plus HSA and backdoor Roth IRAs. You’d Future self will thank you later.

[Cheryl]

In my opinion, maxing out your mega backdoor Roth contributions is a great way to save for retirement, especially if you have already maxed out your other retirement accounts.

However, it’s important to consider your overall financial goals and your current financial situation before making a decision.

I would recommend speaking with a financial advisor to help determine if this is the right choice for you.

Suggested: Backdoor Roth conversion question: What do I do with that?

[Author]

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