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My employer 401k plan now allows for after-tax contributions, but I can’t roll it into a Roth. Why would I want to do it?
My employer 401k plan now allows for after-tax contributions, but I can't roll it into a Roth. Why would I want to do it? My understanding is that if you can roll after-tax 401k contributions into a Roth IRA via a mega back door, then that's great. However, my employer account doesn't allow for this (via in-service distributions or conversions). So, my main question is: What are the benefits of contributing after-tax $ to a 401k? I am already maxing out my pre-tax ...
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