So I just came from a seminar from a major player in the industry. They discussed a ROTH strategy where an employee would max out his 401k plan contributions, (I am talking above his deductible $19,000 or $25k for 50 and over) and take that after tax contribution up to the $55k max and ROLL that money into a ROTH IRA. So he would take the $36k of after tax non deductible contribution and move it into a ROTH each year. He claims he has done it for the last 5 years. Assuming the plan allows in plan rollovers, is this a legit move. (this company says it has been legit since 2006) I have read all of Ed’s books and also subscribed to the SAVVY IRA planning program and I did not read anything on this strategy. Is it all on the up and up? It would seem like a great way for wealthy people to get money into a ROTH who were above the income thresh holds and wanted to do more than the puny $6500 back door idea.

Thanks for your help in confirming or disputing this strategy.