Any chance I can get someone to explain this a bit more?
Currently: maxing out 401k and also maxing out a back door Roth
My understanding is that with the MBDR, I take money from my bank account and fund my 401k with it. Then I’d convert that money into the Roth 401k?
The money has already been taxed so then gains and withdrawals from the Roth 401k would be tax free?