Ask Experts Questions for FREE Help!
Answer   ||    Advanced Search    ||    Help
Ask your question or search...
Login with Facebook
User Name 
Password 
Forgot password? 

Want to become a member? It's free and once you join you can ask and answer questions. Join Now!

Home > Money & Services > Retirement   »   Roth 401-k

Question
 
 
#1  
Old Feb 20, 2008, 09:29 AM
Garv
New Member
Garv is offline
 
Join Date: Feb 2008
Posts: 1
Garv See this member's comment history on his/her Profile page.
Roth 401-k

Son was in college working part time ( hamburger joints ) and making 7 to 8,000 a year....I have funded a Roth IRA for him since 2003, putting in $3,000 for years 2003 - 2004, and $4,000 for years 2005 - 2006 -2007, and this year ( 2008 ) so far have put in $1250.00 towards $5,000 contribution...He is out of school and got a job and started a Roth 401-k through his employer the first of the year....Can I still contribute to these funds that i set up for him.....His employer will be putting in 3% and he will match with 3 starting out....Est yearly wage at $35,000, hopefully i worded this so you can understand this....thank you

Reply With Quote
 
     

Answers
 
 
Old Feb 20, 2008, 11:10 AM   #2  
Ultra Member
ebaines is offline
 
Join Date: Apr 2007
Location: Illinois, US
Posts: 4,488
ebaines See this member's comment history on his/her Profile page.ebaines See this member's comment history on his/her Profile page.ebaines See this member's comment history on his/her Profile page.ebaines See this member's comment history on his/her Profile page.
You can continue to fund your son's IRA, no problem. But you can not fund his 401(k) - he and his employer are the only ones who can fund his 401(k).
  Reply With Quote
 
     

Answer this question

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Ask your question or search...

 




Similar Threads
roth ira
(2 replies)
who is F.Roth /Artist
(1 replies)
F. Roth etching
(1 replies)
ROTH or Regular 401(k)
(7 replies)
Roth Ira Transfer
(1 replies)


Bookmarks and Sharing
bookmark twitter facebook

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Search this Thread

Advanced Search




Copyright ©2003 - 2010 - Advizo, LLC
All times are GMT -8. The time now is 02:10 PM.