InvestorsHub Logo
Followers 10
Posts 483
Boards Moderated 0
Alias Born 08/27/2017

Re: rosemountbomber post# 176796

Thursday, 02/21/2019 9:03:47 AM

Thursday, February 21, 2019 9:03:47 AM

Post# of 425915
Hi rose & jomamam; I'm sorry I was partially wrong! I mixed up the IRA and 401(k) contribution limits. IRA(traditional and Roth) limits are $5500 to $7000 depending upon year(2018&2019) and age(< or >50). But the 401(k) limits are $18,500 for 2018 and $19,000 for 2019. Once $ is in 401(k)
it can at some point(55 rule applies here, as an example)be rolled over
into a Traditional IRA(called a Rollover IRA) and then from the Rollover IRA you can convert to a Roth IRA. Besides the hard deadline of 4/15 this year for 2018 IRA contribution, it is my understanding the contribution must be made BEFORE you file your taxes!
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News