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12-15-2022, 03:24 PM
#502
Gets Weekends Off
Joined APC: Jul 2009
Posts: 156
I found this info today about HR 5376 aka the Build Back Better Act. I may be misunderstanding this article but it appears that the company implementing the “mega back door Roth” isn’t going to happen. Someone more familiar please correct me if I’m wrong.
“Effective January 1, 2022, the BBB Act would eliminate these “back door Roth” contributions.
This proposed change would affect more than Roth IRA conversions. It would also prohibit employer plan rollovers of after-tax assets to designated Roth accounts or to Roth IRAs (sometimes called “mega back door Roths”).”
“Effective January 1, 2022, the BBB Act would eliminate these “back door Roth” contributions.
This proposed change would affect more than Roth IRA conversions. It would also prohibit employer plan rollovers of after-tax assets to designated Roth accounts or to Roth IRAs (sometimes called “mega back door Roths”).”
12-15-2022, 04:18 PM
#505
Gets Weekends Off
Joined APC: Apr 2022
Posts: 107
Glad the roadshow being recorded is the one after this dropped.
12-15-2022, 04:31 PM
#506
Line Holder
Joined APC: Dec 2021
Posts: 32
Avg Legacy snap up, 10% over the top of Spirit plus cash upfront. Don't forget the small stuff like the paid medical. Makes our TA look ridiculous.
12-15-2022, 04:41 PM
#508
Gets Weekends Off
Joined APC: Jan 2008
Position: blueJet
Posts: 4,536
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