Regina, 55, seeks advice as her husband, 62, has a Roth account at Schwab and a Roth 401(k) at work. They’re aiming to maximize retirement savings and Regina is confused about the $8,000 yearly limit. Shannon clarifies that the $8,000 limit, applicable to those over 50, is for the individual’s Roth IRA and is separate from the work-based Roth 401(k) limit. Shannon advises checking income phase-out limits for individual Roth IRAs, which don’t apply to work-based Roth 401(k)s. For married couples filing jointly, the limit is over $200,000, with exact numbers available on the IRS website.