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Retirement tax questions
Your contributions to the Roth 401(k) have no effect on the amount you can contribute to a Roth IRA. If your modified AGI permits, you can contribute up to $6,500 to a Roth IRA:
<a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...>
To correct the previous information, your total of $24,500 of contributions to the Roth 401(k) consists of $18,500 of regular contributions and $6,000 of catch-up contributions.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...>
To correct the previous information, your total of $24,500 of contributions to the Roth 401(k) consists of $18,500 of regular contributions and $6,000 of catch-up contributions.
‎June 4, 2019
6:31 PM