Are an IRA& a Roth IRA allowed for the same person?

Answer The same person can have both a traditional IRA and a Roth IRA. However, the annual contribution limit applies to the total contributions, which means that each dollar contributed to one type of IR... Read More »

Top Q&A For: Are an IRA& a Roth IRA allowed for the same person

If a person got out of the US Navy with an Honorable dicharge after four years would the person be allowed to go back in?

What are the federal regulations for adoption for a person with a felony drug offense is there a required amount of time that must pass before that person is allowed to adopt?

that dumb selfish bitch! think about the adopted child and what it'll do to them!

What is the most a single person can put in a Roth IRA?

Roth IRA contribution limits depend on age. As of 2010, those under the age of 50 may contribute up to $5,000 or, if smaller, the amount of taxable compensation for the year. Those over the age of ... Read More »

What is the maximum a person under 50 can put into a Roth IRA?

The maximum amount a person under 50 can contribute to a Roth IRA is adjusted each year for inflation. As of 2010, the most you can contribute is $5,000. However, this limit is cumulative with trad... Read More »