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Reply to "Backdoor Roth IRA"
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[quote=Anonymous][quote=Anonymous]so the traditional-->backdoor IRA limit is 5500 regardless of whether you're contributing to a work-related 401K?[/quote] Yes. For the worker, you can contribute up to $18k annually to your 401k (the lucky ones can get matches on top of that, up to $54k total). You can contribute $5500 annually to an IRA, Roth or otherwise. [/quote]
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