Permalink Submitted by Alan - IRA critic on Fri, 2013-08-16 18:46
Yes, these contributions do not directly affect each other. Max contributions are 17,500 employee deferrals to a Roth 401k and 5,500 for the Roth IRA. Additional catch up contributions can be made for those who have reached 50 of 5,500 and 1,000 respectively.
Permalink Submitted by Alan - IRA critic on Mon, 2013-08-19 16:13
A Roth 401k does not have income limits, but the usual modified AGI income limits apply for Roth IRA contributions. Contributing to a Roth 401k instead of a pre tax 401k will result in higher MAGI and could indirectly contribute to making MAGI too high for Roth IRA contributions.
Permalink Submitted by Alan - IRA critic on Fri, 2013-08-16 18:46
Yes, these contributions do not directly affect each other. Max contributions are 17,500 employee deferrals to a Roth 401k and 5,500 for the Roth IRA. Additional catch up contributions can be made for those who have reached 50 of 5,500 and 1,000 respectively.
Permalink Submitted by John Smith, on Mon, 2013-08-19 14:35
would the same income limits apply to the Roth IRA?
Permalink Submitted by Alan - IRA critic on Mon, 2013-08-19 16:13
A Roth 401k does not have income limits, but the usual modified AGI income limits apply for Roth IRA contributions. Contributing to a Roth 401k instead of a pre tax 401k will result in higher MAGI and could indirectly contribute to making MAGI too high for Roth IRA contributions.