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letirn84
New Member

Can I contribute to a roth IRA if I am enrolled in NV PERS to which my employer contributes?

I am enrolled in PERS in Nevada. It is my employee retirement account. I would also like to contribute to my  roth IRA.

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Accepted Solutions
dmertz
Level 15

Can I contribute to a roth IRA if I am enrolled in NV PERS to which my employer contributes?

Your eligibility to make a Roth IRA contribution is determined only by your eligible compensation, filing status and modified AGI.  Contributions that your employer makes to your workplace retirement plan have no bearing on your eligibility to make a contribution to a Roth IRA.

See Can You Contribute to a Roth IRA:

https://www.irs.gov/publications/p590a/ch02.html#en_US_2016_publink1000230977

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3 Replies
dmertz
Level 15

Can I contribute to a roth IRA if I am enrolled in NV PERS to which my employer contributes?

Your eligibility to make a Roth IRA contribution is determined only by your eligible compensation, filing status and modified AGI.  Contributions that your employer makes to your workplace retirement plan have no bearing on your eligibility to make a contribution to a Roth IRA.

See Can You Contribute to a Roth IRA:

https://www.irs.gov/publications/p590a/ch02.html#en_US_2016_publink1000230977

Fern
New Member

Can I contribute to a roth IRA if I am enrolled in NV PERS to which my employer contributes?

If you are covered by a retirement plan through work, your deduction may be limited (see Chart below).
dmertz
Level 15

Can I contribute to a roth IRA if I am enrolled in NV PERS to which my employer contributes?

The question is about contributing to a Roth IRA, not a traditional IRA.

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