AboutThere
Recycles dryer sheets
- Joined
- Mar 31, 2016
- Messages
- 100
My wife and I are maxing out our 401k/403b contributions at work and have some funds available to invest outside of those. Currently only a small percentage of our 401/403 (15%) is in a Roth 401k.
So, can we each open a Roth IRA and contribute to that? I am a bit confused as to whether the Roth maximums include my current Roth 401k or whether I can contribute the annual max to a Roth IRA.
We are both in our 50s to I assume we each can contribute 7,000 to a Roth, is that right?
Finally, as someone who was never educated on this stuff, I enter into expanding beyond employer-handled stuff with some trepidation - when I start these Roth IRAs, which company might be best for someone who really has a lot of basic questions?
So, can we each open a Roth IRA and contribute to that? I am a bit confused as to whether the Roth maximums include my current Roth 401k or whether I can contribute the annual max to a Roth IRA.
We are both in our 50s to I assume we each can contribute 7,000 to a Roth, is that right?
Finally, as someone who was never educated on this stuff, I enter into expanding beyond employer-handled stuff with some trepidation - when I start these Roth IRAs, which company might be best for someone who really has a lot of basic questions?