Mega Backdoor Roth Ira Limit 2024 Fidelity

Mega Backdoor Roth Ira Limit 2024 Fidelity. Your personal roth ira contribution limit, or eligibility to. The limits increased from $22,500 ($30,000 if you're 50 or older) in 2023.

For example, in 2024, if you max out your traditional 401 (k) at $23,000 and your employer match contributions are $13,800, then your max mega backdoor roth contributions would be $30,300. My wife and i will be well over the roth ira limits for 2024, and just like last year, we were going to do the backdoor roth ($7000 each).