What's the salary limit on contributing to a traditional/Roth IRA? I currently make a little over $110,000 a year and don't think I qualify.?

2017-01-17 2:12 am

回答 (1)

2017-01-17 2:24 am
✔ 最佳答案
You can always contribute to a non-deductible Traditional IRA.

Assuming that you are single and have a retirement plan at work, you are way over the income limit ($71,000) to deduct a Traditional IRA contribution.

However, the phaseout for the Roth IRA starts at $117k and you are still under this amount.

You can make a Roth Contribution.
2017-01-17 5:15 am
Anyone can make an eligible Roth contribution, even if the are "over the limit" (which you are not).
*Back door Roth*
2017-01-17 2:52 am


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