Hi: I max out my contribution for the year, 15,000. Can I also max out a IRA, 4000 in the same year?
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Max out 401k for the year
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 Wcpacp |
Max out 401k for the year |
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Posts: 3 (05/24/07 04:54:52) Junior Member |
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DCK101 |
Re: Max out 401k for the year | ||
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Posts: 409 (05/24/07 10:31:44) Elite Member |
Yes, it is possible. Check with your tax advisor regarding the availability of a deductible, non-deductible, or Roth IRA, which depends on the amount of your Adjusted Gross Income.
Incidentally, the 401(k) deferral limit was raised to $15,500 for 2007. |
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