Why is there no discussion of a 401k versus a Roth? I have contributed the maximum allowed at my age to my "roth" shell in my company's 401k. There is no income limitation for this. Turbo tax, and my company's retirement contractor, Schwab, do not elaborate on this key difference. When I called Schwab, the rep mentioned a 402.g limit but emphasized there is NO income limit for contributions up to the maximum within my 401k. WHAAAAAAT?
However, if I had contributed the same amount to a Roth IRA not associated with my 401k, I would NOT be eligible for ANY contribution amount and subject to annual penalties if I did contribute with my current income. Ouch.
