Soooo ..... I currently max out my INDIVIDUAL Roth IRA at $7,500 per year (I turned 50 last year). If my employer converts my company SIMPLE IRA to have a Roth option this year, is the maximum I can contribute to the company Roth Simple IRA still $19,000, or is the $19,000 company-max reduced to $11,500 because of the $7,500 I'm already contributing to my individual Roth IRA?
Same question here! In my view since the Roth limit is standard, it will remain the same which means if you fully fund your own Roth, then you have to reduce that amount from the max limit for SIMPLE plan. This is just my common sense understanding 😀!
