Backdoor Roth question/basics

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renegade06
Posts: 11
Joined: Sat Jan 12, 2019 3:00 pm

Backdoor Roth question/basics

Post by renegade06 » Sat Jan 12, 2019 3:04 pm

Hello everyone! I'm a long time reader and first time poster. I've been reading a lot about backdoor Roth IRAs and understand the general concept. Is any $$$ used in a backdoor ROTH offset against the the $19,000 maximum for 401k?

retiredjg
Posts: 35141
Joined: Thu Jan 10, 2008 12:56 pm

Re: Backdoor Roth question/basics

Post by retiredjg » Sat Jan 12, 2019 4:54 pm

No. The limits for IRA and for work plans like a 401k are separate.

KingRiggs
Posts: 82
Joined: Wed Dec 12, 2018 12:19 pm
Location: Indiana

Re: Backdoor Roth question/basics

Post by KingRiggs » Sat Jan 12, 2019 5:18 pm

retiredjg wrote:
Sat Jan 12, 2019 4:54 pm
No. The limits for IRA and for work plans like a 401k are separate.
And the 401k is funded (usually) with pre-tax dollars, whereas the money for the Backdoor Roth would be a non-deductible IRA contribution.

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