Rock And Roll Heaven by The Righteous Brothers. This talks about numerous music stars who died too young. First verse: Jimi gave us rainbows is Jimi Hendrix. Janis took a piece of our hearts is Janis Joplin. Otis took us all to the dock of the bay is Otis Redding. Remember Jim that way is Jim Morrison.
The idea is that even if you earn too much to contribute to a Roth IRA directly, you can open a Traditional nondeductible IRA and convert it to a Roth; there is no income limit on Traditional nondeductible IRAs or conversions.
The contribution limits are the same as the traditional 401(k) limits, so with the Roth 401(k) you can get much more money into the plan than into an IRA, says Dean Barber, founder and president of Barber Financial Group.ncome limits. With the new rules for Roth conversions, high earners can convert to a Roth IRA from a traditional IRA, but they won't be able to make contributions. Not so for a Roth 401(k), in which there are no such restrictions.