The other guy may be confusing the IRA issue. You are prevented in some

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Jul 31, 2014
8:17:35am

Baron

The other guy may be confusing the IRA issue. You are prevented in some

circumstances from getting tax deductions from an IRA but you can still contribute to it.

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Baron

Previous username: jarocho
Bio page: Baron
Joined: Sep 1, 2006
Last login: May 2, 2024
Total posts: 94,131 (32,730 FO)

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Messages

Author

Time

401K/IRA question for the CB financiers

7/31/14 7:49am

You can fully fund both

JackStack

7/31/14 7:53am

For financiers thats pretty basic stuff. I'd be worried about the advisor who

swishh_15

7/31/14 8:04am

Yes, fire the guy who is giving you the wrong information

JackStack

7/31/14 8:09am

RE: For financiers thats pretty basic stuff. I'd be worried about the advisor

7/31/14 8:11am

The other guy may be confusing the IRA issue. You are prevented in some

Baron

7/31/14 8:17am

Hence him saying contributing to a roth through the traditional ira loophole.

swishh_15

7/31/14 8:22am

Yes this is the reasoning

7/31/14 9:36am

IRA and 401k limits are different.

coug203

7/31/14 8:05am

You can do the Roth as well assuming you can qualify for it.

Baron

7/31/14 8:16am

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