Tag Archives: mega backdoor solo 401k

Mega Backdoor Roth Solo 401k Ban Passes House Hurdle But Senate Sign Off Still Needed

As reported previously, the Mega Backdoor Roth Solo 401k and IRA bans that had been added back to the Build Back Better Act of 2021 were included in the version of the legislation that passed the House today. While this is an important milestone for the legislation, there is still a ways to go legislatively. […]

Good News: Backdoor Roth and Mega Backdoor Removed from Pending Reconciliation Bill Build Back Better Act of 2021

Nov. 3rd, 2021: The Proposed Band of the Backdoor Roth & Mega Backdoor Roth is Back–See the following for more Information:  https://www.mysolo401k.net/back-again-backdoor-roth-and-mega-backdoor-roth-added-back-to-pending-reconciliation-bill-build-back-better-act-of-2021/ The latest draft of the Build Back Better Act has good news for IRA and 401k including solo 401k account holders. Essentially, the proposed ban of both the backdoor Roth IRA and mega backdoor […]

403b Contribution Aggregation Question

QUESTION: I have a 403(b) plan at my day moonlighting job, to which I am planning to max out on employee contribution this year $19.5k. I was reading the IRS rules regarding maximum contribution limits, and there’s one part that’s confusing me. (I have attached the IRS rules sheet.). If you look at “chapter 3; […]

Payroll Company and Voluntary After-Tax Self-Directed 401k Contributions (A.K.A. Mega Backdoor Solo 401k)

BACKGROUND & QUESTIONS I need guidance on some of the mechanics of getting things moving money into and within my new self-directed 401k.  Specifically: I have signed up with ADP after checking out other payroll companies.  It seems that no one understands voluntary after tax contributions to a solo 401k.  Their options are regular 401k […]