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

 
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Old Feb 20, 2008, 09:29 AM
Garv
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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

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Old Feb 20, 2008, 11:10 AM   #2  
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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).
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