In 2019 if you have a 401k you may be able to also contribute to an IRA. Check out the income limits and 401k eligibility to see if you can contribute to both plans. You may also contribute to an IRA if you or your spouse has a 401k.
00:00 intro
01:00 401k with an IRA Eligibility
01:09 IRA Income and Contribution Limits
01:32 IRA Income Limit Phaseout
01:54 Non Deductible IRA
02:11 Married Filing Jointly IRA Eligibility with 401k
04:05 Recap on Contributing to a 401k with an IRA
04:20 Roth IRA eligibility with a 401k
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LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
00:00 intro
01:00 401k with an IRA Eligibility
01:09 IRA Income and Contribution Limits
01:32 IRA Income Limit Phaseout
01:54 Non Deductible IRA
02:11 Married Filing Jointly IRA Eligibility with 401k
04:05 Recap on Contributing to a 401k with an IRA
04:20 Roth IRA eligibility with a 401k
Thank you Travis for sharing this information. Much appreciated.
Sir you spent all this time and said nothing , i watched re watched and yet have no idea , can you have both a roth ira and a 401k or not just say yes ir no and explain why shuld you do it or not !
I maxed out a 401k and 457 from my employer so does 39000 will come out my taxable income?
this the most confusing shit I have ever heard and it is not travis' fault. This is EXACTLY what your tax dollars go to pay scumabgs in congress making things hard for those trying to do best so they can make it easy for the super wealthy and corps…..
Confusing video for me. For young, high-income earners, I think you can contribute $6,000 to a Traditional IRA so long as you do not ask for tax deductions. That is, after-taxed money of $6,000 may be put into the Traditional IRA. After that, I think you can “backdoor” said after-taxed $6,000 in the Traditional IRA into a Roth IRA.
This was great! Short and understable.