My apologies as this is confusing to me and want to make sure I understand correctly. Is the annual limit of $19,500 apply if you co tribute to both an employer sponsored 401k and Roth IRA? Or is the $19,500 tied to the 401k and I can also contribute a max of $6,000 to a Roth?
If the limit is $19,500 for both accounts, what is a good strategy to continue to save on the side besides a HYSA? Are there any other retirement accounts or is it best to then out into an index fund?
Submitted October 20, 2020 at 07:10PM by Liberachi72 https://ift.tt/31tddrF
