The Financial Independence Show

Mega Backdoor Roth & Solo 401k Explained

Listen Later

In this episode, the FI Show Guys give you a step-by-step guide to utilizing the Mega Backdoor Roth and Solo 401k.

You might be able to contribute A LOT more than you thought was possible. And that’s true whether you work for a company (using a  Mega Backdoor) or run your own business (using a Solo 401k).

In this episode, you’ll learn:

  • The three contribution buckets (pre-tax, Roth, and after-tax)
  • How to calculate your contribution limits
  • Combining company contributions with self-employment contributions (for all you side hustlers)
  • And where you can invest those 401k funds

    • We hope you learn a lot from this episode and implement these strategies into your own financial strategy.

    Links From the Episode
    • Justin’s Mega Backdoor Roth Guide
    • Guide to Active Self-Employment Income
    • Solo 401K Real Estate Investment Guide
      • Join the Community

      We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!

      1. Grab our FREE Budget Planner
      2. Join our Facebook Group
      3. Leave us a voicemail
      4. Send an email to contact [at] TheFIshow [dot] com

        5. If you like what you hear, please subscribe and leave a rating/review!

        >> You can do that by clicking here <<

        Learn More About Your Hosts

        Fly to FI (Cody’s Blog)

        Saving-Sherpa (Justin’s blog)

        ...more
        View all episodesView all episodes
        Download on the App Store
        The Financial Independence ShowBy Cody Berman and Justin Taylor
        • 4.8
        • 4.8
        • 4.8
        • 4.8
        • 4.8

        4.8

        296 ratings

        More shows like The Financial Independence Show

        View all
        Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

        Afford Anything | Make Smart Money Choices

        3,565 Listeners

        The Stacking Benjamins Show by Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

        The Stacking Benjamins Show

        2,000 Listeners

        Financial Independence Podcast by The Mad Fientist

        Financial Independence Podcast

        1,645 Listeners

        Marriage Kids and Money: Personal Finance for Families by Andy Hill

        Marriage Kids and Money: Personal Finance for Families

        602 Listeners

        ChooseFI | Financial Independence Podcast by ChooseFI

        ChooseFI | Financial Independence Podcast

        5,156 Listeners

        Millionaires Unveiled by Jace Mattinson, CPA

        Millionaires Unveiled

        894 Listeners

        BiggerPockets Money Podcast by BiggerPockets

        BiggerPockets Money Podcast

        3,081 Listeners

        Earn & Invest by Jordan Grumet (Doc G)

        Earn & Invest

        451 Listeners

        The Personal Finance Podcast by Andrew Giancola

        The Personal Finance Podcast

        1,435 Listeners

        Risk Parity Radio by Frank Vasquez

        Risk Parity Radio

        281 Listeners

        Personal Finance for Long-Term Investors by Jesse Cramer

        Personal Finance for Long-Term Investors

        158 Listeners

        All the Hacks: Money, Points & Life by Chris Hutchins

        All the Hacks: Money, Points & Life

        1,615 Listeners

        Mile High FI Podcast by Doug Cunnington & Carl Jensen

        Mile High FI Podcast

        205 Listeners

        Catching Up to FI by Bill Yount & Jackie Cummings Koski

        Catching Up to FI

        357 Listeners

        Inside Out Money by Maggie Tucker

        Inside Out Money

        293 Listeners