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Is there any reason not to immediately convert after-tax 401k money to a mega backdoor Roth?
Is there any reason not to immediately convert after-tax 401k money to a mega backdoor Roth? I currently defer part of my paycheck as after-tax 401k contributions (beyond the $22,500 IRS limit for traditional/Roth contributions), and I've been using my plan's option to immediately convert that after-tax money to Roth. As it's immediately converted every paycheck, there's no pre-conversion growth, so no tax is owed on the conversion. As ...
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