Hello,
Understanding that the dollar contribution limit of company sponsored accounts is $20,500 total; is there a limit of between Roth 401 (k) and Traditional 401 (k) of this $20,500 total?
for example: only $6,000 for Roth (k) limit then contribute $14,500 to Traditional 401 (k)?
Or, should I prefer, all $20,500 could be invested in the company sponsored Roth 401 (k)?
I’m unclear on how to spilt the $$ into the 401 (k)'s.