UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72496  
Subject: Re: Contributions to a Roth Date: 3/10/1999 4:47 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Greetings, Sprig, and welcome. You wrote:

<<It has always been my understanding that an individual can contribute to a ROTH IRA even if they also contribute to an employee sponsored retirement plan (403 B in my case). A fellow employee informed me that this is not the case. I believe that I am correct, but a confirmation would be nice. >>

Consider it confirmed. You are correct and your co-worker is not. As long as you meet the AGI limits for doing so, you may contribute to a Roth. And even if you didn't, you could still contribute to a nondeductible IRA regardless of your income. For details, see the IRA discussion in my Foolish Retirement Plan Primer at http://www.fool.com/retirement .

Regards...Pixy
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Invest Better Hub
Take advantage of our newest free service, Invest Better!
New Fool-Branded Credit Card Available!
How does your card compare to ours?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Facebook Fool Fan Club
Be a fan of the Fool over on Facebook!
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Get the Fool Phone App
Save and share content, zero in on sectors, podcasts, and much more!
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement