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Can total 401k and IRA contributions exceed my earned income?
I'm retired and working part-time. Earned income is 2,000 per year. Passive income is about 200,000. My employer allows me to contribute 100% of my salary to a Roth 401k (it works out to be less than 100% though, because of taxes). If I contribute 100% to the 401k plan can I also contribute $2,000 to my Roth IRA in the same year?
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‎February 10, 2024
5:54 PM