Mega Backdoor Roth Contribution Limit 2024 Over 50

Mega Backdoor Roth Contribution Limit 2024 Over 50. If you are 50 or older, the federal limit for 401 (k) contributions is $76,500. In 2024, the backdoor roth ira contribution limit is $7,000, or $8,000 for those over age 50.


Mega Backdoor Roth Contribution Limit 2024 Over 50

Mega backdoor roths allow you to contribute more money to your roth ira than traditional contribution limits; If you are 50 or older, the federal limit for 401 (k) contributions is $76,500.

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