ROTH

If you're looking for a way to save more for retirement than what traditional 401(k) or IRA accounts allow, a mega backdoor Roth might be worth considering. This is a strategy that enables individuals to contribute significantly more after-tax dollars to their retirement accounts than they would be able to otherwise.

The rationale for speculation over taxing Roth IRA withdrawals is that the tax break looks far too generous. Other tax-sheltered retirement plans, after all, are merely tax-deferred—meaning you’ll pay taxes on them eventually. The earnings on Roth IRAs are effectively tax-exempt.