Income Limits DO NOT Apply to Roth 401k’s & Roth Conversions

(don’t forget to checkout the video too)

Making too much money can cause problems…

For example, if you make too much money you are no longer eligible to contribute to a Roth IRA.

And most people know that Roth IRA’s are one of the best ways to put yourself in a position for a tax-free retirement.

So what do you do⁉️

Well, contributing to a Roth IRA isn’t the only way to build up tax-free savings for retirement.

In fact, it’s one of the slowest ways since you are confined by the annual contribution limits.

The best way to get a large amount of money into a Roth IRA is with a Roth Conversion.

And your income will not affect your ability to perform a Roth conversion.

You could have $5B of annual income and you are still free to do Roth conversions any time you want…

AND at whatever level you want.

In fact, you can do a $100M Roth conversion if you want!

So your income doesn’t matter.

The same is true with contributions to your Roth 401k.

No matter how much money you make you can still contribute to your Roth 401k, however, that doesn’t necessarily mean you should.

So even if you make too much money to contribute to a Roth IRA there are still a lot of great options for getting money into one before retirement.

And remember, if most of your income in retirement comes from a Roth IRA it won’t count as provisional income…

Which is a great way to prevent taxation on your social security. 🤌

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