I am a "Highly Compensated Employee" and I max out my 401k contribution for the year. Can I also put money into an IRA?

I am a "ghly Compensated Employee" and I max out my 401k contribution for the year. Can I also put money into an IRA Asked by financenovice 23 months ago Similar questions: ghly Compensated Employee max 401k contribution year put money IRA Business > Financial Services.

Similar questions: ghly Compensated Employee max 401k contribution year put money IRA.

E D Jones is a reputable firm. Call them on Monday morning..... There may be more than one vehicle for this. I think you can do a Roth IRA for at least 2000.00.

Get it in before the 31st, of course. Maybe a second one in your wife's name, if you have one. I'm sure they can get you all that can be done.

Good Luck. Sources: memory .

When it comes to your money, you need to get expert advice from those who deal with finances. Like anything else, you need to shop around for the right expert. It is your money, take care of it..

1 I'm not a finance expert, but I think you can do a Roth IRA for at least 2000.00. Get it in before the 31st, of course. This user has been banned from Askville.

1 I'm not a finance expert, but I think you can do a Roth IRA for at least 2000.00. Get it in before the 31st, of course.

I'm not a finance expert, but I think you can do a Roth IRA for at least 2000.00. Get it in before the 31st, of course.

2 You can, but it may not all be deductible...smartmoney.com/personal-finance/retireme... .

You can, but it may not all be deductible...smartmoney.com/personal-finance/retireme....

3 It depends on your Modified Adjusted Gross Income (MAGI)...The maximum amount one may earn, and still be eligible tocontribute the full amount to a Roth is $166,000...Beyond that amount one may contribute a portion of theallowable contribution up to a limit of $176,000 at whichpoint one may not contribute to a Roth...The maximum contribution to a Roth for 2009 is $5,000,except for those over 50 years of age who may 'catchup'by contributing an extra $1,000 to their Roths...You may contribute to a "Traditional" IRA regardless ofyour Income...You can always go to the IRS's website for the details...

It depends on your Modified Adjusted Gross Income (MAGI)...The maximum amount one may earn, and still be eligible tocontribute the full amount to a Roth is $166,000...Beyond that amount one may contribute a portion of theallowable contribution up to a limit of $176,000 at whichpoint one may not contribute to a Roth...The maximum contribution to a Roth for 2009 is $5,000,except for those over 50 years of age who may 'catchup'by contributing an extra $1,000 to their Roths...You may contribute to a "Traditional" IRA regardless ofyour Income...You can always go to the IRS's website for the details...

" "I just retired, and have a 401k. Thinking about going to an IRA. Can I take any money out prior to the transfer.

" "How do you transfer money from a 401k to a Roth IRA? " "i been in 401k for a year an a half can I get my money" "I have money in a 401K with my current employer w/ few options.Is it possible to move money from my 401K to an IRA? " "can I roll an IRA over and use the contribution to pay off a 401K loan" "can a employee put his own money in his 401K plan or does it actually have to come out of his paycheck?

" "In finding the max contribution of a 401k, what if your employer contributes more than 6%." "i just put a previous employer 401k into a ira acct ..now what do I do? " "If I have an IRA and a 401k thru my employer what is the combined maximum contribution amount I can make in one year?

I just retired, and have a 401k. Thinking about going to an IRA. Can I take any money out prior to the transfer.

I been in 401k for a year an a half can I get my money.

I have money in a 401K with my current employer w/ few options. Is it possible to move money from my 401K to an IRA?

Can I roll an IRA over and use the contribution to pay off a 401K loan.

In finding the max contribution of a 401k, what if your employer contributes more than 6%.

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