Originally Posted by
DWC CAP10 USAF
So you do both...for some reason I was under the impression you could only do either the in plan conversion or the mega.
Thanks!
The short answer is yes you may do both (I do), either or neither depending on your circumstances, priorities and goals.
They are 2 separate things. The confusion may be coming from the common use of the term “backdoor”.
1. Backdoor Roth IRA: Google “Backdoor Roth IRA White Coat Investor”
2. Mega Backdoor Roth: Google “Mega Backdoor Roth White Coat Investor” (note the absence of IRA in this term)
It’s important that you read up on this to understand the difference between these two maneuvers before attempting either one. They are not related to each other at all, but each has its own set of considerations.
As was mentioned a few posts back, there is ALOT of questionable info being shared in this thread. Make sure you know what you’re doing or get some professional advice if necessary.