12-31-2004, 11:11 AM
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 Re: Are IRA and employer's 401(k) mutually indenpendent? sudhir wrote: - quote - > I have one basic question - are IRA, Roth IRA and any other
Contributions to a 401(k) limit the deducibility of traditional IRA> retirement investments mutually independent - In other words, if I am > already contributing towards employer's 401(k) plan, do I have any > restrictions/limit on how much can I invest in any of the other plans? contributions. See IRS Pub. 590. Otherwise, the 401(k) contribution might drop your AGI enough that you are eligible to contribute to a Roth when you otherwise wouldn't be. Now that's a bonus! Good luck, -Will |
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#-1
12-30-2004, 02:57 PM
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| Are IRA and employer's 401(k) mutually indenpendent? Hello All, I have one basic question - are IRA, Roth IRA and any other retirement investments mutually independent - In other words, if I am already contributing towards employer's 401(k) plan, do I have any restrictions/limit on how much can I invest in any of the other plans? thanks for your advice/suggesstion, -s |
| Tags |
| 401k, employer, indenpendent, ira, mutually |
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