Can you contribute to both 401k and Roth 401k?

How much in total?

401(k), IRAs
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5 days ago
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Yes you can contribute to both a ROTH 401k and a Traditional 401k.   

If you under 50, you can contribute $18,000 per year.  Any matching or profit sharing is on top of this amount.

If you are over 50 you can contribute $24,000 per year.

 

Here is some more information on contribution limits and other types of retirement accounts.

What you need to know about Every type of Retirement Account NOW

 

Live for Today, Plan for Tomorrow.

 

DAVID RAE, CFP®, AIF® is a Los Angeles-based Retirement Planning Specialist with DRM Wealth Management, a regular contributor to Advocate Magazine, Huffington Post, Investopedia not to mention numerous TV appearances.  He helps smart people across the USA get on track for their financial goals.  For more information visit his website at www.davidraefp.com  or the Fiduciary Financial Planner LA blog.

 

March 2016
March 2016
March 2016
5 days ago