additional roth ira contributions
my wages on box 1 of W2 is apx 130k after 10920 in 401k contributions. can i still do a roth ira?
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my wages on box 1 of W2 is apx 130k after 10920 in 401k contributions. can i still do a roth ira?
It depends on your filing status and modified adjusted gross income (MAGI). Please see
2020 - Amount of Roth IRA Contributions You Can Make for 2020.
If you cannot make Roth contributions because of your income then you might want to consider a backdoor Roth IRA Please see How do I enter a backdoor Roth IRA conversion? and What Is a Backdoor Roth IRA? for additional information.
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