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Reaching retirement is exciting, but having enough to maximize your quality of life during retirement is key. You’ve likely heard of a backdoor Roth IRA, but for some looking to maximize their withdrawals in retirement, a mega backdoor Roth IRA may be the way to go. What is a mega
Roth IRAs can be a great way to turn your retirement assets into future tax-free income.Since the money inside the Roth Individual Retirement Account (IRA) has already been taxed, you don’t have to pay taxes on qualified distributions and you don’t have to take Required Minimum Distributions from these accounts.