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Mega Backdoor Roth & Solo 401k Explained

Mega Backdoor Roth & Solo 401k Explained

FromThe Financial Independence Show


Mega Backdoor Roth & Solo 401k Explained

FromThe Financial Independence Show

ratings:
Length:
36 minutes
Released:
Aug 24, 2021
Format:
Podcast episode

Description

In this episode, the FI Show Guys give you a step-by-step guide to utilizing the Mega Backdoor Roth and Solo 401k.

You might be able to contribute A LOT more than you thought was possible. And that's true whether you work for a company (using a  Mega Backdoor) or run your own business (using a Solo 401k).

In this episode, you'll learn:

The three contribution buckets (pre-tax, Roth, and after-tax)
How to calculate your contribution limits
Combining company contributions with self-employment contributions (for all you side hustlers)
And where you can invest those 401k funds

We hope you learn a lot from this episode and implement these strategies into your own financial strategy.
Links From the Episode

Justin's Mega Backdoor Roth Guide
Guide to Active Self-Employment Income
Solo 401K Real Estate Investment Guide

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Learn More About Your Hosts
Fly to FI (Cody’s Blog)

Saving-Sherpa (Justin’s blog)
Released:
Aug 24, 2021
Format:
Podcast episode

Titles in the series (100)

Cody Berman and Justin Taylor believe in the concept of “Financial Independence For All”. The FI Show focuses on REAL stories of individuals on their journey to financial independence. Each episode aims to include actionable insights and takeaways for listeners to implement into their own financial situation. The podcast covers topics like building wealth, entrepreneurship, investing, money mindset, small business, frugality, geoarbitrage, side hustles, real estate, productivity, travel, and so much more. Sit back, tune in, and join a community of like-minded people who are changing their lives through financial independence.