SECURE 2.0 UPDATE: MEGA BACK DOOR ROTH?

I just read the Slott Report’s update on SECURE 2.0 with the differences between the Senate and House versions. It was very helpful, but there was no mention of the proposal to eliminate the so-called “mega back door Roth” conversion from a company’s after-tax 401k, which was a newsworthy item in last year’s version. Is it still part of either the House or Senate version?



No. The prior proposed elimination of converting after tax dollars was contained in the BBB Act, which is apparently dead for 2022. Therefore, the recommendation is to take advantage of this feature while it remains available.



Thanks. I appreciate your reply. I have been using the after-tax feature so far this year. Just hoping the conversion option will remain in place.



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