No. of Recommendations: 1
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.
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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.