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Do the same income restrictions that apply to Roth IRAs apply to designated Roth contributions?

April 26, 2017contributions designated income Roth roth iras

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Do the same income restrictions that apply to Roth IRAs apply to designated Roth contributions?

2 Answers

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No, there are no limits on an employee’s income in determining if he or she can make designated Roth contributions. Of course, the employee has to have salary from which to make any 401(k) or 403(b) deferrals.

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No, there are no limits on your income in determining if you can make designated Roth contributions. Of course, you have to have salary from which to make any 401(k), 403(b) or governmental 457(b) deferrals.