A 403(b) plan may allow one to designate all or a portion of one’s elective deferrals as Roth contributions.
Elective deferrals designated as Roth contributions must be maintained in a separate Roth account and are not excludable from gross income. The maximum amount of contributions allowed under a Roth contribution program is one’s limit on elective deferrals, minus elective deferrals not designated as Roth contributions.
Source: IRS Publication 571
Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...