When deciding between contributing to a traditional or Roth 401(k) based on your current tax situation, and for the Mega backdoor Roth conversion, you need to check if your employer’s plan allows it and consider other options if you are in a high tax bracket.

Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps that will help you secure your financial future.