Originally Posted by
BeechPilot33
So for the employee contribution it's 18,000$ limit TOTAL? I thought you could put 18k in your 401k and 18k in the 401k Roth and 5,500 in a non IRA Roth. (If you were under the income limits) And then 53k total for employee + employer contribution for the 401k.
402g limit is 53,000 total. 35k employer, 18k employee. You'll make too much to qualify for a Roth IRA.
As far as the 401k, you can contribute your 18k under either Roth (pay taxes now) or traditional (par taxes later) or any combination. Personally I contribute 50/50 Roth/traditional. Spreads the tax liability between now and then.
Bottom line, you can't contribute more than 18k/year and be tax deferred on either end.