Does IRA Pro Rata Rule Apply to Mega Backdoor Roth Solo 401k?

Solo 401k Question Answered – Does IRA Pro Rata Rule Apply to Mega Backdoor Roth Solo 401k?

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Solo 401k FAQ: Will I be able to convert funds to a Roth IRA without being subject to the pro-rata rule? 

I am looking to set up a Solo 401k in order to make voluntary after-tax contributions and then convert such funds to a Roth IRA.  Will I be able to convert funds to a Roth IRA without being subject to the pro-rata IRA rules? 

RESPONSE:

Yes – the IRA pro-rata rules don’t apply to funds converted from your Solo 401k.

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About George Blower

I have the privilege of educating our clients about our products and services so that they can make informed and confident decisions about their financial future. Prior to joining My Solo 401k Financial, I served as the general counsel for a subsidiary of a Fortune 500 financial services company. Learn more about George Blower and My Solo 401k Financial >>

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