Timeline for Do contributions made to an "involuntary 401(a)" count against the limit for a Roth IRA?
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| Jul 13, 2020 at 3:19 | comment | added | Robert Dodier | Update: The link is broken; a currently working link is: irs.gov/pub/irs-pdf/p590a.pdf In case that link stops working, the title of the document is "Publication 590-A, Contributions to Individual Retriement Arrangements (IRAs)". | |
| Nov 3, 2015 at 18:01 | comment | added | stannius | Your 401(a) does not count as an IRA. It does share a limit with 401(k) plans and 403(b) plans, but not the $18,000 limit (in 2015/16) that most people have heard about. Rather it shares a different limit, which is roughly about 3 times the $18k limit (in 2015 it's $53,000). Matching contributions also count against that limit, as well as deferred compensation plans. | |
| Aug 11, 2011 at 13:02 | comment | added | Josh | I did spend some time reading publication 590 before posting (good cure for insomnia!). With my primitive understanding of finance I was not sure if my plan was considered an IRA. Thanks again for your answer, I'm finding this site insightful. | |
| Aug 11, 2011 at 13:00 | vote | accept | Josh | ||
| Aug 10, 2011 at 20:05 | history | answered | BlackJack | CC BY-SA 3.0 |