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Author: TurkeyBreath Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: Re: Roth 401K contribution limits Date: 3/11/2006 7:39 PM
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I'm having a hell of a time finding a simple straight forward article on the Roth 401K. Does anyone know where to simply find out the maximum contribution limits? I know $15K is the max for 2006 but does that have to be based on income? Is it limited to one's total income or can one contribute $15K even if they have litte or no income?

Your Roth-401k must come from earned income as defined by our IRS. It cannot come from savings, dividends, capital gains, etc. More importantly, in order to contribute into any 401k your employer must set it up with an approved custodian. I suppose, if you are self-employed you can be it's administrator and set it up with an approved custodian.

If I can copy a recent article from AAII, I shall forward it via TMF e-mail to your e-mail. You may want to check your personal e-mail this week end.

Good luck,

TB

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