Mega Backdoor Roth Limit 2024 Over 50

Mega Backdoor Roth Limit 2024 Over 50. The overall contribution limit for a 401(k) in 2024 is $23,000 for individuals under 50 years old and $30,500 for those aged 50 and above. On top of that, the employer can add a.

This is where the backdoor roth ira enters the picture.  — mega backdoor roth conversions are a lucrative tax strategy that allow for additional roth savings within your 401(k) with no upper limit on income eligibility.