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2018 Roth IRA contribution?
Old 02-12-2019, 07:30 AM   #1
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2018 Roth IRA contribution?

Some facts:
  • In 2018 I retired, but I contributed to the megacorp 401(k) until August
  • The 401(k) had a Roth component, and in 2018 I contributed $1,208 to it, in addition to regular 401(k) contribution
  • I contributed less than $24,500 to both, which is the IRS max for 2018
  • Our 2018 Married Filing Joint income was less than $199,000
  • In January, I moved my 401(k) to Vanguard, with my 401(k) now living in a new IRA, and my Roth money going to a Roth account already established at Vanguard

So, my question is, since I'm now outside the 'wall' of the corporate 401(k), can I contribute $5,292 to my Roth, one last time, for 2018? Obviously, the limits for IRA/Roth contributions are far lower than the 401(k)/Roth limits, and I just don't want to run into problems. I sat on hold to talk to Vanguard for 20 minutes and got bored, and thought I'd ask the experts here.

Let me know what info I forgot to include to help answer the question.

https://www.irs.gov/retirement-plans...mparison-chart
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Old 02-12-2019, 08:00 AM   #2
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For the real answer, ask in the retirement forum at fairmark.com and you should get a reply from Alan S.

AFAIK, there is no interaction between the 401K and Roth IRA as far as contribution limits so you should be able to contribute the "full" amount to the Roth IRA, not limited by your Roth 401K contribution, but limited only by your income (MAGI). The phaseout begins at 189K and in the past has been 10K wide so at 199K , your allowed contribution is 0 for MFJ. The max Roth contribution
w/o restrictions for geezers is 6500.
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