Can a person who is maximizing contributions to an employer
Can a person who is maximizing contributions to an employer sponsored Roth 403B also make Roth contributions in the same year?
Can a person who is maximizing contributions to an employer sponsored Roth 403B also make Roth contributions in the same year?
Permalink Submitted by Alan Spross on Fri, 2010-04-09 01:14
Yes, contributions to an employer plan do not directly affect regular Roth IRA contributions. But note that the higher W-2 taxable income resulting from the Roth 403b contributions (vrs pre tax 403b) could result in the person exceeding the regular Roth IRA contribution income limits.