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)

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 transfer a 401k to a Roth IRA?

Is Your 401k Eligible?A 401k cannot be directly transferred to a Roth IRA. However, if you're looking for tax-free savings on your old 401k plan, there is a fairly simple indirect method, as long ... Read More »
http://www.answerbag.com/q_view/2067859

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

Can you roll your 401k into a Roth IRA?

According to the Internal Revenue Service, you are allowed to roll your 401k plan into a Roth IRA. However, you will have to include the amount of the conversion as taxable income in the year of th... Read More »
http://www.answerbag.com/q_view/2065639


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