FYI: “Wait--are you sure you can do that?”
That was my husband’s response to hearing about my plan to redeploy some of the contributions that we had been making into our taxable brokerage account each month into my 401(k) instead.
His skepticism was understandable. After all, I was already making contributions to my Roth 401(k) up to the IRS limits; in 2019, savers under age 50 can contribute $19,000 to their 401(k)s and $25,000 if they’re 50-plus.
Regards,
Ted
https://www.morningstar.com/articles/932374/heavy-savers-meet-the-megabackdoor-roth.html
