Originally Posted by
ColdUpHere
Can you pre-designate a portion or portions of your Profit Sharing check to go to your & your spouse's Roth IRA (non-Delta) before the tax man hits that check?
Ultimately, I'm trying to figure out if you can fully-fund two Roth IRAs ($11,000) for the calendar year via a tax-free input, and then if you'd be taxed on the remainder at the nominal rate.
Roth IRA money is post tax money, traditional IRAs are pretax. Now, once the money is in the Roth IRA it grows (or doesn't...) tax free.