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Retirement tax questions
From your most recent previous reply I had inferred that your individual Roth IRA contribution would be a traditional contribution. By making at least $6,500 of your $11,617 contribution to the individual 401(k) be a Roth contribution, yes, you could also make a $6,500 Roth IRA contribution because the nondeductible Roth 401(k) contribution does not reduce the compensation available to support a Roth IRA contribution.
March 21, 2024
6:24 PM