The side of the triangle that the midsegment does not intersect is the base of the triangle. The midsegment of a trapezoid is the segment formed by connecting the midpoints of the two legs of a trapezoid. Although the midsegment of a trapezoid is also useful in mathematics, we will not discuss it here.
Roth IRA phase out. Like the Traditional IRA, the IRS has phase out rules for Roth IRA contributions. Tax filers will be able to contribute the maximum amount to their IRA if they donât exceed certain income limits. 1  Single, Head of Household, or Married Filing Separately can contribute the maximum if their MAGI is $116,000 or less.
You can always contribute to a traditional IRA up to the annual contribution limits as long as you have sufficient compensation or salary. There are income limits dictating whether you can contribute to a Roth IRA. The limits depend on your filing status and your modified adjusted gross income, or MAGI.If you can't contribute directly to a Roth IRA, then you can contribute to a traditional IRA and then perform a Roth IRA conversion.Since your employer has a retirement plan in place, there may also be limits on making tax-deductible contributions to a traditional IRA. This depends on your filing status and MAGI.aving a Roth 401(k) plan at work doesn't limit your ability to contribute to your personal Roth IRA. Depending on your income, however, you may have to fund a traditional IRA and then do a Roth IRA conversion.