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Reply to "Roth IRAs are great "
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[quote=Anonymous][quote=Anonymous]There is no match for a Roth IRA. There is an annual limit based on the account holder’s income up to a limit (7k in 2024). Roth 401ks may have matches at employers who elect to provide them to incentivize employees’ participation in the plan. Same with traditional 401ks. Glad you got started early, PP. Keep it up as long as you can. For now, some people can do backdoor Roth IRA contributions, which is really just a sexy term for an IRA conversion made in the same year as a non deductible traditional IRA contribution, but that can have complex tax consequences if you have invested traditional IRA accounts.[/quote] The PP stated they put into their 401K up to the company match and then maxed the Roth. Never mentioned a match for their Roth. It's the way to do it. If you have more, then continue to add to the 401K. [/quote]
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