XML Financial Group Blog

Saving More With After-Tax 401(k) Contributions

Written by XML Financial Group | Jun 20, 2023 2:00:00 PM

About 20% of company 401(k) plans offered after-tax contributions in 2021, according to the Plan Sponsor Council of America. These after-tax deposits can be used to kickstart the “mega backdoor Roth” strategy, which includes paying levies on growth and moving the funds for future tax-free growth.  

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