Mega Backdoor Roth Strategy for Retirement

Phased out of Roth IRA contributions in 2026? Learn how the Backdoor and Mega Backdoor Roth rules can open up to $72,000 in potential tax savings this year. Get your Modern Confidence Score here: yourconfidencescore.com Meet with us: https://bit.ly/4xBtHeQ Education center: https://bit.ly/4ezxsbX Video Chapters 0:00 - What happens if I fail to track my post-tax basis on Form 8606? 2:20 - Am I legally phased out of contributing to a direct Roth IRA this year? 4:35 - How does a Backdoor Roth IRA function when my income is too high? 6:01 - Why should I not invest my traditional IRA contribution before converting it? 7:36 - Will an old rollover IRA cause issues with a Backdoor Roth conversion? 11:00 - What is a Mega Backdoor Roth and how does it change my tax limits? 14:08 - How does the IRS calculate the $72,000 maximum addition limit for my 401(k)? 20:40 - Can I use my taxable brokerage account to fund my retirement while maxing out my Roth 401(k)? 28:53 - Reaction Video: How a $100,000 old retirement balance triggers a surprise $1,300 tax bill Insights provided by Chris Rett, CFP®, AIF® and Dean Barber Managing Director of Modern Wealth Management, LLC Sources: 2026 401(k) and IRA Contribution Limits https://www.modwm.com/2026-401k-and-ira-contribution-limits/ 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500 https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500 https://youtube.com/shorts/S6j73TdwHMo?si=GC8PVn76y2grlock https://www.youtube.com/shorts/S6j73TdwHMo IRS Newsroom: 401(k) limit increases to $24,500 for 2026, IRA limit increases to $7,500: [https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500] https://investor.vanguard.com/investor-resources-education/iras/roth-ira-income-limits https://www.tiaa.org/public/retire/financial-products/iras/ira-contributions-tax-benefits/income-and-deduction-limits TIAA Wealth Management: 2026 catch-up contribution limits: [https://www.tiaa.org/public/invest/services/wealth-management/perspectives/catch-up-contributions-2026] MissionSquare: 2026 Retirement Plan Contribution Limits (401k, 457(b) & More): [https://www.missionsq.org/plan-sponsors/plan-rules/contribution-limits] _____ Investment advisory services offered through Modern Wealth Management, LLC, a registered investment adviser. The views expressed represent the opinion of Modern Wealth Management, a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.