Question

 Can one have a Roth IRA& 401(k)?

Answer An individual can invest in both a Roth IRA and a 401(k) plan. The maximum contribution for an individual 50 years of age and younger for a 401(k) and Roth IRA plan is $16,500 and $5,000, respectiv... Read More »
http://www.answerbag.com/q_view/1933162

Top Q&A For: Can one have a Roth IRA& 401(k)

Can you have a Roth IRA& a 401k plan?

On One Hand: Not Mutually ExclusiveThe Internal Revenue Service does not restrict people to participating in either a Roth IRA or a 401k plan. As long as you have enough earned income to contribute... Read More »
http://www.answerbag.com/q_view/2013753

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »
http://www.answerbag.com/q_view/2000178

How do I contribute to a 401k& a Roth?

Begin 401k SavingAsk human resource personnel at work about details on contributing to your 401k plan. Choose a percentage of your income to contribute to this payroll deduction plan and begin mak... Read More »
http://www.answerbag.com/q_view/2075522

How can I establish a Roth 401k?

A Roth 401k plan is a tax-advantaged retirement savings account some companies offer to their employees. You can only have a Roth 401k retirement account if it is offered by your employer. Some emp... Read More »
http://www.answerbag.com/q_view/1898417


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