so now my husband would like to withdraw all the funds, we will have our first child due in November and he said it would help with expenses and he thinks the IRA value will go down even more, we are 28 and 34 years old. What are the consequences of withdrawing the funds early. I know there be will be taxes, but how much should we expect to take home. 20,000 is the total original amount we put in.
Like the question asks what is the combined total limit for the Roth 401k and the Roth IRA? I’ve read too much conflicting information that you can contribute the full 5k in the Roth IRA and 14k in the Roth 401K? Then I’ve checked with financial advisors and they indicate otherswise. Hm, please CITE sources with your response, need accurate information.
Lastly, if anyone know what the combined limit between the Roth401k, Roth IRA and the traditional 401k also list it as well.
Thanks!
Can Icontribute to all three: Roth 401k, 401k and the Roth IRA?
I know you can do the last two but what about all three?
I am of course referring to just partial amounts so I don’t exceed the 15k annual limit and the as far as I know the 5k limit for the Roth IRA is considered separate. Thanks!
Forgot to mention within the Roth IRA AGI limits and under the age of 50.
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