401k Limits 2024 Roth Conversion. Same process, whatever amount you convert is fully taxable in the year you convert. Contribution limits for a roth 401(k) are the same as for a traditional 401(k).
The mega backdoor roth ira is an advanced savings strategy that allows contributions of up to $69,000 annually (in 2024) into a roth iraโfar beyond the standard. Compare estimated taxes when you do nothing, convert up to a specific threshold, or convert a custom amount.