Mega Back Door Roth folks. BE CAREFUL!
Just got off the phone with a guy who works for a large conglomerate. He told me this company, who you'd certainly know, DOES allow after tax contributions to the 401k AND does allow an annual inservice distribution. Good so far, no?
But... if you do this you sacrifice your ability to make contributions to your 401k for at least the next 6 months! Which means if your employer matches your contribution you don't get that.
So, again, BE CAREFUL!
Another reason I'm just not that keen on these strategies. Lots could go wrong.
Thank YOU for helping to spread the word and sticking it to the censors! Priority for Q&A!