401(k) and IRA Contribution
Would love some great feedback.
I am self-employed and annually max out both my elective deferral contributions to my individual 401(k) plan.
Whether I am able to deduct it or not, can I still make my $6,500 IRA contribution? I believe I can, but I read something about limits if I am covered by a plan at my work.
If I can make the contribution, and provided it is not Roth, after a period of time could I just roll it over to my 401(k)? I assume yes?
Thank you very much.
Sopie
Permalink Submitted by William Tuttle on Tue, 2018-06-19 15:32