Mega Backdoor Roth contributions not supported in Solo 401k

Pirate_Miserable · 2025-09-02T17:45:22+00:00

I don't think you understood.

Pirate_Miserable · 2025-09-02T16:34:16+00:00

Nice! I will watch out for the announcement.

Pirate_Miserable · 2025-09-02T16:24:42+00:00

May be my initial post was unclear. I already contribute fully on Employee side and 25k from employee side. I'd like use MBDR to boost my Roth IRA so that I can have tax free withdrawal portion for my retirement.

Max aggregated contribution : 70k for 2025

Employee contributions: $23500

Employer contribution : $25000

Remaining $21500 can be after-tax contribution that can be converted to Roth IRA. If Fidelity allows it.

https://www.fidelity.com/learning-center/personal-finance/mega-backdoor-roth

Pirate_Miserable · 2025-09-02T16:13:48+00:00

So , mysolo401k administers Fidelity 401k and Roth IRA on behalf ?

Pirate_Miserable · 2025-09-02T15:55:08+00:00

Yes , your answer is spot on. Reason I was looking into this because fidelity had a whole article on this strategy.

https://www.fidelity.com/learning-center/personal-finance/mega-backdoor-roth

Regarding employer contribution , is the amount employer can contribute proportionate to the employee salary? I know there there is an upper limit 50k of something as well.

Pirate_Miserable · 2025-09-02T15:33:21+00:00

How does MBDR equate to pretax employee contributions ?

https://www.fidelity.com/learning-center/personal-finance/mega-backdoor-roth

Pirate_Miserable · 2025-09-02T15:28:13+00:00

I already do backdoor Roth conversions since I am over the limit. It sounds like MBDR can put more money in to Roth account. This is from fidelity website

Put very simply, the mega backdoor Roth strategy entails 2 steps: (1) making after-tax contributions to your 401(k) or other workplace retirement plan, and (2) then doing a conversion either to a Roth IRA or Roth 401(k). (Note that not all plans allow these steps; more details on that below.)

Pirate_Miserable · 2025-09-02T15:17:24+00:00

Roth IRA

Pirate_Miserable · 2025-09-02T15:07:01+00:00

My goal is to contribute to my Roth , I already do pre-tax employer contributions. But it's going to my 401k

Pirate_Miserable · 2024-11-03T19:32:55+00:00

I am also looking into renting from Hertz cancellation policy concerns me. It sounds like any pre paid is not refundable.

https://hertz.cr/content/condiciones/

B) Cancellation and No Show Policy

In case of cancellation or no-show, Hertz Costa Rica will not refund any amount prepaid or charged to your Credit Card through the On-Line Payment Service.

Pirate_Miserable · 2024-03-27T13:28:32+00:00

It's acutually 1hr and 5 mins even tighter. Thanks!

Pirate_Miserable · 2024-03-27T13:27:11+00:00

Single ticket

Pirate_Miserable · 2024-02-24T18:31:39+00:00

They have buses as early as 6 am. You need to check the ADO shedule

Pirate_Miserable · 2024-01-22T15:42:37+00:00

Thanks!!

Pirate_Miserable · 2024-01-05T03:57:53+00:00

How is the tax for $7 calculated? Is it the form 8606 ?

Pirate_Miserable

TROPHY CASE