2024 AMAZON 401(k) & Mega Backdoor Roth

Strategies to make the most out of your AMAZON employee benefits.
Maximize your AMAZON 401(k) by utilizing the Mega Backdoor Roth provision.
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RESOURCES FOR AMAZON EMPLOYEES
📅 Get Started Today - www.avieradvis...
👥 Connect with Lars Phillips, CFA, CFP® / larsphillips
💡Learn more about your Amazon Employee Benefits: www.avieradvis...
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The Mega Backdoor Roth allows you to invest beyond the traditional 401(k) limits. Contribute after-tax dollars and convert those dollars to Roth. Grow your savings for retirement -- tax-free.
Video takeaways:
2024 Amazon 401(k) contribution limits:
-- Under 50 years old: $23,000
-- 50 or older: $30,500
Amazon Employer Match
-- 50% match on the first 4% contributed, meaning they will contribute 2% of your base salary to your 401(k). The maximum amount Amazon can match in 2024 is $6,900.
The Amazon Mega Backdoor Roth
2024 TOTAL 401(k) contribution limits:
-- Under 50 years old: $69,000
-- 50 or older: $76,500
Use the Amazon Mega Backdoor Roth to contribute up to an additional $39,100 and then convert those dollars to Roth.
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RESOURCES FOR AMAZON EMPLOYEES
📅 Get Started Today - www.avieradvis...
👥 Connect with Lars Phillips, CFA, CFP® / larsphillips
💡Learn more about your Amazon Employee Benefits: www.avieradvis...
===========
👍LIKE this video? HIT the like button!
🔔SUBSCRIBE to our channel to view more videos @AvierWealthAdvisors
===========
Avier Wealth Advisors
10655 NE 4th Street, Suite 500
Bellevue, WA 98004
[e-mail]
We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families.
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Third Party: Avier Wealth Advisors is not affiliated with Amazon. There is no guarantee that the information we have provided is accurate. Amazon employees are encouraged to contact their employer should they have any questions regarding their employee benefits.
Taxes: Avier Wealth Advisors does not prepare taxes. The tax ideas presented are meant to demonstrate general concepts rather than precise calculations. We consult with your tax professional for exact calculations.
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