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REDDIT
Is there an earned income contribution difference for Roth 401k and Roth IRA?
↗ https://reddit.com/r/investing/comments/1v49rsd/is_there_an_earned_income_contribution_difference/
Someone confirm something for me, I can’t trust AI on this one.
Anyways, if I work for one to two months and put my entire paycheck into my 401k equaling 7500 dollars, does that mean I can still contribute 7500 dollars to my Roth IRA?
I’m getting confused because I thought earned income was what I take home, and since I put my entire check into the 401k, I took home zero dollars.