Do Roth IRA and employee sponsored SIMPLE IRA contributions treated separately with regards to annual limits? - ira limits
I have a Roth IRA and employee sponsored SIMPLE IRA. I'm a maximum contributions to my Roth IRA each year. I want to make a contribution to my simple, in line with the company. SIMPLE IRA limits of $ 10,000 years by the state, the maximum contribution, and Roth is much lower than my level of taxation. Are the contributions of these 2 types of IRA additive against the limits? Or are the annual limits are dealt with separately?
1 comment:
Wav, no response for 5 days! It seems that this is not a difficult question or problem please! :-) I would like to solve this problem.
Short answer: Yes, Roth IRA and SIMPLE IRA contributions as independent of each other.
Check this link for details:
http://www.theusefulinfo.com/finance/200 ...
-Infoman
This is not legal advice.
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