Can I exceed my annual Roth IRA contribution?

Question

In 2007, I can only dump in $4,000. In 2008, that goes up to $5,000. The problem is that it's not enough. Can I jack up my after-tax contribution amount on my 401k with my employer & then roll that over into my Roth IRA?

Answer 1

Nope.

Answer 2

No. You can max your 401(k) and, if you don't exceed the income limits, also max your Roth IRA. But you can't do the rollover.