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Low Income Roth 401(k) and Roth IRA Combination
My son is 20 and makes W2 income $8000/year.
He can contribute up to 80% of his income into a company Roth 401, and get matching non Roth contribution.
Can he also contribute the full $6500 into a Roth IRA, or is this reduced based upon low total income?
Is $8000 the max for all Roth accounts combined, or can he double up across different Roth accounts?
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‎January 21, 2024
9:15 AM