1191910

Are SIMPLE IRA cap and Roth IRA cap independent to each other?

posted

Connect with an expert

1 Reply

Are SIMPLE IRA cap and Roth IRA cap independent to each other?

Yes, the contribution limit for the Simple IRA is separate from the contribution limit for the Traditional and Roth IRA. Please view this IRS link to view the maximum contribution limit for 2019.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post