Timeline for How does one get the 401(k) max contribution of 57K?
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
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| Aug 16, 2020 at 18:46 | comment | added | nanoman | @PeterGreen Except, to quote from my answer to a different but related question, the earnings in an ordinary taxable account are taxed "at favorable rates for qualified dividends and long-term capital gains; the latter (capital gains) will be deferred anyway until investments are sold (and this deferral can be even longer because there are no RMDs)." | |
| Aug 16, 2020 at 15:58 | comment | added | Peter Green | "contributions taxed going in and earnings taxed coming out" afaict this is still better than a tradtional investment account where earnings are taxed as soon as they are "realised". | |
| Aug 15, 2020 at 19:32 | history | edited | nanoman | CC BY-SA 4.0 |
added 26 characters in body
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| Aug 15, 2020 at 19:31 | comment | added | nanoman | @Harper Edited to clarify that earnings on after-tax 401(k) contributions are taxed coming out. This is the same as non-deductible IRAs. | |
| Aug 15, 2020 at 19:05 | comment | added | Harper - Reinstate Monica | Sorry, I figured you'd know. Non-Deductible IRAs. | |
| Aug 15, 2020 at 18:27 | comment | added | nanoman | @Harper What are NDIRAs? | |
| Aug 15, 2020 at 14:52 | comment | added | obscurans | +1 this is the real answer. Additionally the 57k limit is per employer plan, while the 19.5k limit applies per person. If you have multiple employers allowing after-tax contributions, you could put in >100k in one year. | |
| Aug 15, 2020 at 13:48 | comment | added | Harper - Reinstate Monica | Pre-taxed contributions may not be taxed coming out, NDIRAs aren't. | |
| Aug 14, 2020 at 23:22 | history | edited | Craig W | CC BY-SA 4.0 |
this is the mega backdoor Roth; regular backdoor Roth doesn't involve a 401(k)
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| Aug 14, 2020 at 22:30 | history | answered | nanoman | CC BY-SA 4.0 |