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Author: tsondreal Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: IRA contributions and the Roth Date: 7/21/2000 9:24 AM
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This might sound stupid, but I am curious about the implications of the new law that, if passed, will increase IRA maximum contributions to $5K per year. I think that I can now increase my Roth IRA contribution to 5K per year if this is passed. Will this affect what I can contribute to my 401K, or vice-versa?

Thanks in advance
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Author: Ringfinger Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 23528 of 75340
Subject: Re: IRA contributions and the Roth Date: 7/21/2000 10:41 AM
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I would hope not. That would defeat the whole purpose.

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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 23531 of 75340
Subject: Re: IRA contributions and the Roth Date: 7/21/2000 12:56 PM
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This might sound stupid, but I am curious about the implications of the new law that, if passed, will increase IRA maximum contributions to $5K per year. I think that I can now increase my Roth IRA contribution to 5K per year if this is passed. Will this affect what I can contribute to my 401K, or vice-versa?

No. IRAs and 401(k)'s will continue to have independent contribution limits.

TMF ExRO
Phil Marti

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