How the Middle Class Misses Out on Mega Backdoor Roth IRAs

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How the Middle Class Misses Out on Mega Backdoor Roth IRAs

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Episode 72 of Fexingo's Wealth Distribution show dives into the mega backdoor Roth IRA — a retirement strategy that lets high-income earners stash up to $69,000 per year in a Roth account, versus the $7,000 limit for most people. Lucas and Luna explain how this works through after-tax 401(k) contributions and in-plan Roth conversions, why the strategy is only available to workers at companies with specific plan features, and how the middle class misses out because they either lack access or can't afford to defer that much. The episode includes concrete numbers: a hypothetical engineer versus a teacher, the role of employer matches, and the legislative history under SECURE 2.0. No hot takes, just a clear explanation of a tax loophole that overwhelmingly benefits high earners. #MegaBackdoorRothIRA #RothIRA #RetirementPlanning #401k #AfterTaxContributions #TaxLoophole #WealthInequality #MiddleClass #HighIncome #SECURE20 #EmployerMatch #RothConversion #Fidelity #Vanguard #IRS #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

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