New 2024 video: • 2024 MICROSOFT 401(k) ...
In this video we’ll explain what is new in 2022 for the Microsoft Mega Backdoor Roth 401(k) and you can contribute ~$30,250 into a Roth.
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CONNECT: Nick Wright, CFA, CFP® on LinkedIn: / nicholas-leo-wright
MICROSOFT RESOURCES: www.avieradvisors.com/microsoft More resources for Microsoft employees on their benefits including the Microsoft 401k plan, sustainable investing, and RSUs.
avieradvisors.com/blog/how-do...
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In 2022, you can contribute up to $20,500 if you’re under 50 into your Microsoft 401(k) as a regular contribution. Employees who are 50 years old or older can contribute an additional $6,500 a year for a total of $27,000.
Microsoft will match your contributions, up to $10,250. For individuals under 50, this is a 50% match! We encourage you to make the most of this benefit by maxing out your 401(k) contributions before utilizing any other benefits available to you.
Video highlights:
• 00:13 What’s new for 2022 in Microsoft’s 401(k)
• 01:27 How do you convert your after-tax dollars within Fidelity Net Benefits
• 02:33 Tax benefits associated with the Microsoft Mega Backdoor Roth
Avier Wealth Advisors
425-467-1011
10655 NE 4th St. Suite 500
Bellevue, WA 98004
mailto:info@avieradvisors.com
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 Microsoft. There is no guarantee that the information we have provided is accurate. Microsoft 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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