Roth IRA Limit
Hi: Anyone has information as to what is the limit of Roth 401K limit when you have two employers and they both offer Roth 401K option? I am aware of 18,000 limit and additional amounts for people over 50 years. When you have two employments, does the 18,000 double up?
Any information would be helpful
Murty
Permalink Submitted by Alan - IRA critic on Tue, 2017-01-10 18:01
No, there is only a single elective deferral limit per taxpayer, not per plan. However, if one of the accounts was a Roth 401k and the other was a Roth 457b, then the limits apply separately. The 457b limit is separate from those of Roth 401k or Roth 403b accounts. The 18,000 limit (plus catchup) is also the total combined limit for traditional 401k and Roth 401k deferrals.