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Author: Charlie48K Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75781  
Subject: Re: IRA and 401k Date: 11/9/2001 11:16 PM
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If you have invested in employer 401k in any one year, and you leave that employer in the same year, can you still invest in a Roth or regular IRA for that year.

Investing in a Roth has nothing to do with 401Ks. It's based only on your modified adjusted gross income. If you have less than $95,000 (single), you can contribute to a Roth. Exact limits are in Publication 590.

For the traditional IRA, having a 401K for even part of the year prohibits a deduction unless your income is below a limit on MAGI. It's $32,000 (single.)

If you go to a new company, the new 401K goes on top of the old and the combined total is limited.
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