Hello,
I am attempting to max my pre-tax 401k and after tax this year and would like to make sure my math is correct and that I do not mess anything up.
Planning to use my companies 401K, I can do pre tax 401k, roth 401K and after tax with the ability to do in service rollovers for the after tax (Mega backdoor Roth) I already called the provider and verified.
My contribution is set at the max 75% into my pretax 401k, the $18,500 should be fully funded by mid April
My company automatically puts in 1% so no worries about missing out on matching by funding early. I am guessing about $1000 after overtime
So that brings me to $19,500
From what I have read I am allowed $55,000 defined contribution limit for 2018 leaving me $35,500 to put into my after tax that I will rollover as fast as possible into a Roth IRA to avoid paying too much tax on gains.
Am I correct that this will max out my defined contribution limit for 2018 (I do not qualify for the makeup contributions due to being too young)
Thanks for the gut check