Seeking Alpha by Adding Beta

Have you ever wondered how to save more (beyond $18K IRS limits) and also convert to Roth IRA? And how about having flexibility of using those funds for big-expenses like kids college? Well – thanks to recent tax-law changes, there may be an answer. However as always, it’s hidden in complex US tax code. Thanks to some excellent research by my colleagues Anand  and Venkaiah , here is simplified version. All of us know what 401K means and how it works. The standard limit on 401K contributions is $18K per year ($24K if you are 50 or older). However you can still contribute after-tax money to 401K. Limit for total contributions from all sources and to all retirement accounts is $53K per year ($59K per year if you are 50 or older). This includes 401k, ROTH 401K, after tax 401K and any employer matching contributions. e.g. For an individual under 50, let’s assume following: ·       Employee contributes $18K per year ·       Let’s say at 5% employer match, employer contributes $1