401K and IRA Contributions


I have both a 401k through an employer and a traditional IRA which I make contributions to independently.

How do I calculate my % contribution and employers match to the 401k SEPARATELY from my traditional IRA and contributions I make independently?


You can’t separate the two.

You need to combine the two contributions either as a % of income or as a $ amount.

The 401k and the IRA are being ADDED TOGETHER into one Qualified amount in the program,

so the contributions are just adding to that.

For example, say you contribute 6% to her 401k and $1000 a year to your IRA…

you would just need to figure out what % of your income the $1000 is and add that to the 6%.

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