Marked E, D, and BB on the W-2:
I have a client over 50 that has a tax deferred 403b and also a smaller 401k and a retirement plan that adds up to near $16000. In addition the client has a designated Roth (under salary 403b which is taxed on the W-2) of $6000. So at limit of $22000.
Since the $6000 Roth is under a 403b can he also make another Roth contributions on his own? Or has he reached his limit? He is not limited by AGI.
Can the personal Roth contrihutions just be as someone can do with any retirement plan? I am confused because of the $6000 taxable already made.
I have a client over 50 that has a tax deferred 403b and also a smaller 401k and a retirement plan that adds up to near $16000. In addition the client has a designated Roth (under salary 403b which is taxed on the W-2) of $6000. So at limit of $22000.
Since the $6000 Roth is under a 403b can he also make another Roth contributions on his own? Or has he reached his limit? He is not limited by AGI.
Can the personal Roth contrihutions just be as someone can do with any retirement plan? I am confused because of the $6000 taxable already made.
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