Author Topic: 401k contribution  (Read 926 times)

hgjjgkj

  • Stubble
  • **
  • Posts: 170
401k contribution
« on: October 15, 2017, 08:55:09 AM »
Hi all,

I have a 401k through my employer but the match is terrible. However i am still interested in investing up to the full 18k limit for tax reasons. I have a self directed IRRA through my bank. I like to keep as much money within the BOA ecosystem as possible for rewards purposes. Am I able to contribute the difference between $18,000 - my contributions to my employer 401k to my bank IRRA and still get the tax deduction?

plog

  • Stubble
  • **
  • Posts: 212
Re: 401k contribution
« Reply #1 on: October 15, 2017, 09:01:14 AM »
No.  And a terrible match is a lot better than no match.

Gin1984

  • Magnum Stache
  • ******
  • Posts: 4737
Re: 401k contribution
« Reply #2 on: October 15, 2017, 01:59:36 PM »
Do you mean an IRA when you wrote IRRA?

MDM

  • Walrus Stache
  • *******
  • Posts: 9495
Re: 401k contribution
« Reply #3 on: October 15, 2017, 08:06:47 PM »
Hi all,

I have a 401k through my employer but the match is terrible.
Having a good match is a "nice but not necessary" perk.  See To 401k or not to 401k? That is the question. for more.

hgjjgkj

  • Stubble
  • **
  • Posts: 170
Re: 401k contribution
« Reply #4 on: October 15, 2017, 08:47:47 PM »
I did have both an IRA and IRRA. But I do not think that in kind distributions are available to me.