topic Re: Rules around Roth IRA investments in Get your taxes done using TurboTax

Rules around Roth IRA investments

jstvt02 — Wed, 26 Jan 2022 23:34:08 GMT

I have a Retirement Funds with my employer

Not sure what the limit is ... But say the IRS limit is $6,500 (below 50 yrs of age) , Could I put away in these accounts the full max allowed amounts (I know only a partial amount is tax deductible due to the employers Retirement Funds)

Re: Rules around Roth IRA investments

AmyC — Wed, 26 Jan 2022 23:43:19 GMT

Yes. The difference is tax deductible or not. You are much more limited by the tax deferred portion. You can make more contributions that are taxed. Please see this chart provided by The Tax Book.

Re: Rules around Roth IRA investments

Contented — Wed, 26 Jan 2022 23:54:50 GMT

Any chance of making that chart larger so it can be read?

Re: Rules around Roth IRA investments

LenaH — Thu, 27 Jan 2022 00:14:00 GMT

You can also save the image and enlarge it if you still cannot read it.

@Contented