Old 06-30-2018, 04:58 AM
  #17  
BlueSkies
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Joined APC: Jul 2007
Position: B737 FO
Posts: 664
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Great information here. I had no idea about this.

A few questions:
-After you have maxed out the "Mega Backdoor Roth IRA" what happens to the rest of the money from your employee+Co. direct contribution? Is it just the same scenario as if you hit the 401(k) max and have the extra money deposited as cash?

-If it's just cash, what are you guys doing with that money? Are there other tax-advantaged things to do with it?

-Am I undestanding correctly that you can also contribute $5500 to a Roth IRA in addition to the "Mega"? Assuming you don't hit the $189k earnings limit and have the $5500 reduced.

Thanks
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