NVIDIA 401(k) and Mega Backdoor Roth in 2023

In 2023, you may be able to contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Nvidia 401(k).
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You can fully leverage these limits by taking advantage of the Mega Backdoor Roth. This is a powerful benefit within your Nvidia 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth.
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00:00 Introduction
00:16 2023 NVIDIA 401(k) Contribution Limits
00:41 3 Reasons Why You Should Contribute to Your 401(k)
01:41 NVIDIA Mega Backdoor Roth
02:14 Mega Backdoor Roth Example
03:03 Mega Backdoor Roth Tax Benefits
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Control your taxable income in retirement. The Mega Backdoor Roth is a way for high-income earners to utilize the benefits of a Roth. Within a Roth your money grows tax-free.
These same dollars and the interest earned can be tax-free when accessed in retirement (59.5+ years old). Having additional money in a Roth account enables you to manage your taxes in retirement distributions.
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Avier Wealth Advisors
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We focus on providing comprehensive financial planning and investment advisory strategies for tech professionals and their families.
Third Party: Avier Wealth Advisors is not affiliated with Nvidia. There is no guarantee that the information we have provided is accurate. Nvidia 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.