ST Alpha - "FYI: The Roth IRA contribution limit for 2019 is $6,000, up from $5,500 in 2018. You can still contribute for tax year 2018 until April 15. -- nm" (Reading a Post)

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FYI: The Roth IRA contribution limit for 2019 is $6,000, up from $5,500 in 2018. You can still contribute for tax year 2018 until April 15. -- nm

Posted by Baron Barium (aka BaronWasteland) Jan 3 '19, 07:06

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Also is that 6k a total limit for retirement accounts or can you do 6k Roth and 12k traditional IRA in the same year? -- nm - Bacon Jan 3, 07:12 5
- No, I don't believe so. You can divide your contribution between them, but the limit still applies. (Accountant-types, please correct me if wrong.) -- nm - Baron Barium Jan 3, 07:16
- $19k traditional, $6k roth. unless I'm reading wrong. decline? -- (link) - amanda Jan 3, 07:13 3
  - $19K (25K if over 50) is the limit for DC (401k) plans. 6K is the limit for IRA (roth or traditional) -- nm - decline Jan 3, 07:23 1
    - What decline said. -- nm - Super Daddy Princess Jan 3, 07:47
  - Ah thanks and wow, I turn 50 next year so my catch-up contributions can start. -- nm - Bacon Jan 3, 07:17
I am sure there is a good answer, but why a cap on Roth if it's already paid it's taxes? So rich people don't hide money in Roths? -- nm - Bacon Jan 3, 07:10 5
- Also, since cap gains in the Roth are tax-free, if you could put unlimited funds into it, the gov't would lose mountains of future revenue. -- nm - Baron Barium Jan 3, 07:26
- basically -- nm - decline Jan 3, 07:23
- yes. another nice tax deferred vehicle is an HSA if you have access to one. -- nm - amanda Jan 3, 07:15 2
  - Health Savings Account? -- nm - Bacon Jan 3, 07:19 1
    - Yup. You can take distributions without penalties at age 65, even if they’re not for health care expenses, you just have to pay taxes. -- (edited) - Super Daddy Princess Jan 3, 07:50

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