An ex-Meta employee and FIRE blogger explains how he used the 'mega backdoor Roth' strategy that allows high-earners to bypass Roth IRA income limits and contribute up to $69,000 in a 401(k)

Nader leveraged his tech salary and his wife's income to save effectively, stating, "I won the income game by being in tech, by being a dual-income household." He recognized using their incomes strategically helped bolster their savings.

Nader emphasized the power of tax-advantaged accounts, saying, "How do I save this in the most efficient way possible? It’s going to be about taking advantage of those tax-advantaged accounts." This approach maximizes savings during high-earning years.

Discussing the mega backdoor Roth, Nader noted, "For many in tech, deferring taxes into the future is potentially extremely valuable, especially during peak earning years when tax growth can compound significantly." His strategy significantly enhanced his portfolio.

Read at Business Insider