Roth 401(k) vs Roth IRA contribution limits
We have a client currently contributing the maximum amount to a Roth 401(k). Can she also contribute to an individual Roth IRA in the same year?
We have a client currently contributing the maximum amount to a Roth 401(k). Can she also contribute to an individual Roth IRA in the same year?
Permalink Submitted by mk foss on Fri, 2012-06-01 22:04
Yes she can as long as her income is within the limitations.
Permalink Submitted by Manjeshwar Bhat on Sat, 2013-10-26 03:19
Can she do a back door roth if she excceds her income limitations?
Permalink Submitted by Alan - IRA critic on Sat, 2013-10-26 17:15
Yes.
Permalink Submitted by Manjeshwar Bhat on Sun, 2013-10-27 22:11
Thanks Alan!