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My Roth IRA contribution is limited due to my MAGI. Can I contribute the rest to my Traditional IRA?
My Roth IRA contribution is limited due my MAGI, let's say limited to $2,000 for example. Can I make a contribution to my Traditional IRA up to the 2018 IRA contribution limit ($5,500 for 2018) - so in this case, can I contribute $3,500 into my Traditional IRA? Or is the total Roth and Traditional contributions limited to $2,000 based on my MAGI?
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‎June 3, 2019
1:00 PM