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Financial Planning / Foolish 401(k)s


Subject:  Traditional & Roth Max Contributions Q Date:  5/2/2019  6:27 PM
Author:  vitamin Number:  26232 of 26295

Hey all, question:

My employer offers both a Traditional 401(k) and a Roth 401(k); I'm confused on Max Contribution.

In 2019, is it accurate to say I can contribute $19,000 to the traditional 401(k) and contribute another $19,000 to the Roth 401(k) for a grand total of $38,000?

Or, is my max contribution $19,000 between the two... i.e. $9,500 in Traditional 401(k) and $9,500 in the Roth 401(k)?

I'm age 46 and single with no other investment accounts except my Roth IRA witch I max out annually.

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