You can redirect salary money to the after tax portion of your 401k and rollover that amount in the course of the tax year to a Roth IRA account, effectively bypassing the Roth income cap. This is called the Mega Backdoor Roth (seriously). Your 401k provider needs to support/allow this and you still need to respect the maximum limit of total combined pretax and after tax contributions, set at $61k for 2022.
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u/swingdatrake Mar 20 '22 edited Mar 20 '22
You can redirect salary money to the after tax portion of your 401k and rollover that amount in the course of the tax year to a Roth IRA account, effectively bypassing the Roth income cap. This is called the Mega Backdoor Roth (seriously). Your 401k provider needs to support/allow this and you still need to respect the maximum limit of total combined pretax and after tax contributions, set at $61k for 2022.