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401k Roth and Bonus?

Hi,

I already contribute the maximum roth 401k (~19.5k) with my regular paychecks with my employer.

They also provide the ability to contribute as much as my bonus to a 401k (e.g. roth 401k).  If I elect to put like 50% of that too, does that count against my 19.5k limit or is it separate?

Thanks

3 Answers

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  • 1 month ago
    Favorite Answer

    That also counts against the limit.  It is not separate.

  • 1 month ago

    If you are under 50, you are allowed a total contribute $19,500 which can be split between a 401K, Roth 401K, and 457 plan.

    Tying $19.5K a year into an account restricted by an employer, is a lot of money to be held "hostage" until you terminate employment. 

  • Anonymous
    1 month ago

    Limit is 19.5k per year for your contribution unless you're over the age of 50.

    Depending on your income, you may be able to fund a Roth IRA outside of your employer's plan.

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