Originally Posted by
Broncos
With the 30 June paycheck, I just hit the $55,000 415(c) limit. $17,700 from Delta and $37,300 in after-tax contributions from me. I've rolled the entire $37,300 into a Roth for the Mega Backdoor (done incrementally every two weeks). My questions...
1) Am I still eligible to contribute to a Traditional IRA this year?
2) If so, how much? $5500?
3) Can that amount also be rolled into the Roth?
P.S. I'm not old enough for catch-up contributions.
How were you able to put in 37,300 personally? I thought the limit was 18,500?