No. of Recommendations: 0
1. I'm married, so does that mean that I can contribute $4000 to a Roth and my wife can contribute $4000, so we get a total of $8000 per year of contributions?

Yes, but you each must have your own Roth IRA account. So you could contribute $4000 into a Roth IRA that is held in your name, and then an additional $4000 into a Roth IRA that is held in your wife's name. You could NOT contribute $8000 into just your IRA.

2. I'm thinking about taking a job at a startup company that has a 401k program with no company match. In this case are you better off maxing out your Roth contributions, and then putting the rest into the company 401k?

That is the general rule if your comapny doesn't match on a 401(k), yes. Whether after maxing out your IRA you want to contribute to your 401(k) or to a taxable account, that is your choice. I personally would choose to put the rest into my 401(k).

Hope that helps.

Kevin (Slev13)
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.