Can I make both pre-tax traditional contributions and Roth contributions in the same year?
Yes, you can make contributions to both a designated Roth account and a traditional, pre-tax account, such as a 401(k) plan, in the same year in any proportion you choose. However, the combined amount contributed in any one year is limited to $15,500 for 2008 (plus an additional $5,000 in catch-up contributions if you are older than age 50).
Yes, you can make contributions to both a designated Roth account and a traditional, pre-tax account, such as a 401(k) plan, in the same year in any proportion you choose. However, the combined amount contributed in any one year is limited to $16,500 for 2009 (plus an additional $5,500 in catch-up contributions if you are older than age 50).
