Mega Backdoor Roth 2024. A mega backdoor roth conversion is very different than the standard backdoor roth ira conversion. As of 2024, mega backdoor roth conversions are still allowed.
A mega backdoor roth is a special type of 401(k) rollover strategy used by people with high incomes to deposit funds in a roth individual retirement account (ira). A mega backdoor roth is a retirement investment strategy that can give high earners a hefty boost to grow their retirement.