Differences Between a Roth 401(k) and a Roth IRA
You can have both a Roth 401(k) account and a Roth IRA account. The contribution limits are separate. Roth 401(k) Roth IRA Maximum contribution (2020) Lesser of $19,500 or 100% of compensation Lesser of $6,000 or 100% of earned income Catch-up contribution if age 50 or older (2020) $6,500 $1,000 Who can contribute? Any eligible […]
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