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dannyle
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Old 01-10-2020 , 09:54 AM     dannyle est dconnect  search   Quote  
$Cam$
I got a question: 2020 401k limit contributions at $19500 . So what is the limit for 401k Roth? Can I also participate in Roth IRA AND ROTH 401k
on the same time?? Thanks
Alashikata
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Old 01-10-2020 , 11:48 AM     Alashikata est dconnect  search   Quote  
Roth IRA : $6000 or $7000 over 50

You can combine your company:
401k + Roth 401k = 100%
or 401k = 100%
or Roth 401k = 100%

If your company offer another plan beside 401k, you can max out that plan too for $19500 such as:
457 + Roth 457 = 100%
or 457 = 100%
or Roth 457 = 100%

For Roth 401k, tax is already deduce from pay check so you don't have to worry much to fill out tax return. You may pay like 1k more or take back 1k
$$Cam$$
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Old 01-10-2020 , 01:40 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by dannyle
$Cam$
I got a question: 2020 401k limit contributions at $19500 . So what is the limit for 401k Roth? Can I also participate in Roth IRA AND ROTH 401k
on the same time?? Thanks

Yes, you may contribute to both Roth 401k and a traditional 401k. Just split the contributions between them and don't go over the maximum amount which is $19,500. If you are 50 or older, you may contribute an additional $6,500.
$$Cam$$
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Old 01-10-2020 , 01:45 PM     $$Cam$$ est dconnect  search   Quote  
As for the Roth IRA thì có income limit.

For year 2020:
Single, income limit $124,000
Married filing jointly limit $196,000
$$Cam$$
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Old 01-10-2020 , 01:52 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by $$Cam$$
As for the Roth IRA thì có income limit.

For year 2020:
Single, income limit $124,000
Married filing jointly limit $196,000
Forgot to say that you may only contribute to your Roth IRA up to $6,000 on earned income. If you are 50 or older add $1,000.
Earned income nha....hong earned thì hong contribute vô đc đâu.
Alashikata
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Old 01-10-2020 , 02:06 PM     Alashikata est dconnect  search   Quote  
Hong đi làm mà cũng có tiền bỏ Roth hả ta ?

Couple
$196,000 to $205,999 - Reduced
$206,000 or more - Not eligible

Single
$124,000 to $138,999 - Reduced
$139,000 or more - Not eligible
$$Cam$$
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Old 01-10-2020 , 02:10 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by Alashikata
Hong đi làm mà cũng có tiền bỏ Roth hả ta ?
Có chứ...tiền foodstamp and welfare

Nói chứ, có nhiu người ko đi làm vẫn có tiền như là tiền đầu tư/investment đó.
Alashikata
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Old 01-10-2020 , 02:12 PM     Alashikata est dconnect  search   Quote  
True but foodstamp, welfare, pension, SSA, and a few more are not allowed You still need a wage to contribute.

For single, under $10k will be reduce too.
$$Cam$$
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Old 01-10-2020 , 02:14 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by Alashikata
True but foodstamp, welfare, pension, SSA, and a few more are not allowed You still need a wage to contribute.


That what I said.................
Alashikata
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Old 01-10-2020 , 02:24 PM     Alashikata est dconnect  search   Quote  
Tưởng hom nay DOW lên 29k pts, ai ngờ nó xanh đỏ liên miên . Không biết tới cuối năm nay nó lên 40k pts ?
dannyle
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Old 01-10-2020 , 09:31 PM     dannyle est dconnect  search   Quote  
Thanks guys
Let's recap I'm still confusing . This is the same issue we have discussed w peers at work

401k $19.5k max( at work)
401k Roth 6000+ $1000 if over 55( at work)
IRA Roth $6000 max at home?
IRA traditional $6000 max at home?

Total contribution per year
19.5 k+6000 Roth 401k+ 6000 Roth IRA+6000 trad IRA+ 6000 IRA roth ??
dannyle
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Old 01-10-2020 , 09:38 PM     dannyle est dconnect  search   Quote  
Quote :
Originally Posted by $$Cam$$
Yes, you may contribute to both Roth 401k and a traditional 401k. Just split the contributions between them and don't go over the maximum amount which is $19,500. If you are 50 or older, you may contribute an additional $6,500.
19500+6500 per year that is all right?
So after you hit 26000$ total no more contribution?
Alashikata
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Old 01-11-2020 , 02:23 AM     Alashikata est dconnect  search   Quote  
It's your problem, not your work

Work contribution
--------------------
Traditonal 401k + Roth 401k = 100%
or Tradition 401k = 100%
or Roth 401k = 100%

Fidelity, eTrade, Schwab, etc....
----------------------------------
IRA Roth $6000
IRA traditional $6000
hamdzui35
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Old 01-13-2020 , 09:39 PM     hamdzui35 est dconnect  search   Quote  
Quote :
Originally Posted by dannyle
Thanks guys
Let's recap I'm still confusing . This is the same issue we have discussed w peers at work

401k $19.5k max( at work)
401k Roth 6000+ $1000 if over 55( at work)
IRA Roth $6000 max at home?
IRA traditional $6000 max at home?

Total contribution per year
19.5 k+6000 Roth 401k+ 6000 Roth IRA+6000 trad IRA+ 6000 IRA roth ??
Bỏ nhiều wá tiền đâu sài cha

Đại ca mới twit đọc cười té ghế


Last edited by hamdzui35; 01-13-2020 at 09:42 PM..
dannyle
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Old 01-13-2020 , 11:37 PM     dannyle est dconnect  search   Quote  
Quote :
Originally Posted by hamdzui35
Bỏ nhiều wá tiền đâu sài cha

Đại ca mới twit đọc cười té ghế

LOLZZ bỏ nhiều để retire "non" va`trừ bớt $$ khỏi nộp cho Uncle Sạm.. Còn nhiều cái để hỏi mà không tiện post trên đây..
dannyle
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Old 01-13-2020 , 11:43 PM     dannyle est dconnect  search   Quote  
I use tax cut 2019 khong cho minh`bo? vo^ ira roth nhưng cho mình thêm vô IRA traditional max $6000. Khong biết sw co' đúng khong ?
MinhTien23
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Old 01-14-2020 , 12:50 AM     MinhTien23 est dconnect  search   Quote  
Hello cã nhà

Còn ai choi penny stock ko ?

Cam dollars choi high dollar stock gioi wá ....

Chúc moi nguoi thắng lớn ....

SWN @ $1.99 / share ....

Alashikata
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Old 01-14-2020 , 03:10 PM     Alashikata est dconnect  search   Quote  
If you're over the limit, the software would say you won't get deduction but still allow to contribute. However, you can't if it over the MAX limit.
$$Cam$$
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Old 01-14-2020 , 04:07 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by dannyle
19500+6500 per year that is all right?
So after you hit 26000$ total no more contribution?

uhm, còn có traditional IRA or Roth IRA...nhưng 2 cái này có income limitations nha. Minh ko qualify lâu rồi huhu.

Traditional IRA thì đc khấu trừ thuế. Nhưng lúc lấy ra thì phải trả thuế hết

Roth IRA thì ko đc khấu trừ thuế nhưng lúc lấy ra cũng ko phải trả thuế on your contribution and gains.
$$Cam$$
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Old 01-14-2020 , 04:09 PM     $$Cam$$ est dconnect  search   Quote  
Quote :
Originally Posted by MinhTien23
Hello cã nhà

Còn ai choi penny stock ko ?

Cam dollars choi high dollar stock gioi wá ....

Chúc moi nguoi thắng lớn ....

SWN @ $1.99 / share ....


No penny stocks for me, MT.
Lúc thị trường lên thì ai cũng giỏi hết , MT
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