My new job's 401(k) plan allows for the mega backdoor Roth IRA. I am pretty confused by the strategy. Namely, can someone please explain --
1.) Why would someone do this? My HH income is well into the 32% bracket and my spouse and I max our 401(k)s, backdoor IRAs, HSA, 529 for the state deduction, have an emergency fund, rest in brokerage
2.) Assuming it's worth it, how would I practically do this? I'm assuming this is more involved than just keeping the paycheck contribution on.