Stuff 401k after tax for mega back door Roth next year?
Planning to retire 31 Mar 2021 @ age 55. I have set my 401k pretax withdrawals so that my IRS limits are met before I leave ($19,500 + $6,500). Need the tax break. I can also contribute to my 401k on an after tax basis that I can then convert into my external Roth IRA. That would be another $24,633. I have plenty of money in my taxable, so don't need it there, so I wouldn't mind doing this. Balances at retirement:
401k 656,785 (all non Roth)
TSP 3,418 (G fund placeholder in case I want to use it)
Plan to do 401k conversions starting @ 56 and should be able to get the 401k converted in the 12%/15% tax bracket by the time I hit 70.
Seems like it would be good to take advantage of the opportunity to get more money into my Roth account if it doesn't impact my retirement spending.
Don't do something, just stand there!