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ShawCoin
c5f7304190c601cd392ed2cf272e3f86ab937fe6f1f284d3e93d10c51589c2d4
Have a cup of coffee and catch your breath

Pretty good snatch for a bitcoiner!

Is Primal a successful Pied Piper?

I am convinced that all HODLers from 2017 and before are time travelers or were visited by time travelers!

Replying to Avatar HoloKat

Mega Backdoor Roth IRA

For those with access to certain employer-sponsored 401(k) plans, a mega backdoor Roth IRA allows for even larger contributions: 

1. After-Tax Contributions: Contribute after-tax dollars to your 401(k) plan beyond the standard pre-tax contribution limits. 

2. Conversion: Convert these after-tax contributions to a Roth IRA or Roth 401(k), depending on plan provisions. 

In 2025, the total contribution limit (including employer contributions) to a 401(k) plan is $70,000, or $77,500 for those aged 50 or older. 

Advantages

• Tax-Free Growth: Once in a Roth IRA, investments grow tax-free, and qualified withdrawals are also tax-free. 

• No Required Minimum Distributions (RMDs): Unlike traditional IRAs, Roth IRAs do not require RMDs during the account holder’s lifetime. 

• Estate Planning Benefits: Roth IRAs can be passed on to heirs, potentially providing tax-free income for beneficiaries.

Considerations

• Pro-Rata Rule: If you have existing traditional IRA balances with pre-tax contributions, the pro-rata rule can complicate the tax implications of a backdoor Roth conversion. 

• Five-Year Rule: Each Roth conversion has its own five-year holding period before earnings can be withdrawn tax-free. 

• Legislative Risk: While currently legal, backdoor Roth strategies have faced scrutiny, and future legislative changes could impact their availability. 

By systematically employing backdoor Roth IRA strategies, some individuals have accumulated substantial tax-free retirement savings, leveraging the benefits of Roth accounts beyond traditional income limitations.

Already checked with my company…no go. Few offer, but great option!

You are missing the point…with a mega back door you could self control in a Roth IRA…buy IBIT, and then in-kind transfer to Bitcoin at retirement age with no-tax implications on any of the gains based on present Roth IRA guidance.

That’s interesting…40 hr/wk and you keep your BK salary…I’d be in for that experiment!