Complete-Smoke9368 OP t1_j6p55y0 wrote
Reply to comment by meamemg in How do mega (and regular) backdoor Roth conversions benefit individuals with high MAGI? by Complete-Smoke9368
Right, but I guess the part that confused me was the implication that because I had not hit the yearly maximum for 401k contributions I would not perform a backdoor roth conversion. Wouldn't the interest accrued in the trad 401k be growing and taxable?
meamemg t1_j6p5orf wrote
It would. But if you are in a higher tax bracket, the tax deduction is more valuable.
Complete-Smoke9368 OP t1_j6p6bt5 wrote
Gotcha! Thank you so much for continuing the conversation with me.
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