After last week’s conversation about Maxing Out your contributions to meet the IRS guidelines I got a lot of questions about how to get to $53K and $59K (for those age 50 and over), so here’s how to get to the higher limit. I don’t typically like to get this technical but it’s kept relatively simple given the subject matter.
I’m not sure if the term “Super Roth” has been formally coined but this would be fitting if that’s the case.
This is something that really fits those looking to play catch up or super charge their accumulation plan.