From: joetaxpayer 
Newsgroups: misc.invest.financial-plan
Subject: Re: What is max investment?
Date: Fri, 22 Sep 2006 19:08:12 -0500
	iQBVAwUARRR67Pl/I4+O31e5AQHymAH+NraSsj9UQTX/0opyLxVLL8DBbgS2VXBd
	rPDc9xCIgsXP0Q4fMEV5RNmd1CJCZvMwacbPlQGf0qYkXTyI8pOmnQ==
	=x6Jv



Steveeb@aol.com wrote:

> I currently max out my 401k (believe this year is $15k). Can I also
> (outside of work) put money into a roth? Somewhere I read that you can
> only invest the max. ie I could invest $3k in a roth only if I dropped
> my 401k down to 12k. Someone help me out here. Thanks!
> 

If you are under 50 by the end of this year;
401k max is $15,000, and the Roth phaseout begins at $95K single, $150K 
married (AGI). Roth max is $4,000 this year.

If you are 50 or over by the end of this year;
401k max is $20,000, and the Roth phaseout (still) begins at $95K 
single, $150K married (AGI). Roth max is $5,000 this year.

The deduction for the 401k can actually help keep you under the phaseout 
limit for the Roth. Excellent that you are trying to max them both out.
JOE