Can I contribute to both a 401(k) and a traditional IRA?

Answer Yes, you may contribute to both a traditional IRA and a 401(k) plan in the same year. However, if your adjusted gross income exceeds the annual limits, your traditional IRA contribution may not be ... Read More »

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Can I contribute to both a 401k and an IRA?

According to Charles Schwab, the best way to save for retirement is to contribute to an IRA as well as a 401k. Fund the 401k first. Then, if you can save more than what your employer will match and... Read More »

How to Contribute to Both a Traditional IRA & a SIMPLE IRA?

The Individual Retirement Arrangement, or IRA, was first introduced in 1974 as a way to encourage workers to save for retirement. As of 2010, you can deduct up to $5,000 in contributions to a tradi... Read More »

Can you contribute to both Roth& traditional iras?

The Internal Revenue Service allows you to contribute to both Roth and traditional IRAs in the same year. However, the contribution limit is cumulative for the two accounts, so each $1 that you con... Read More »

Can you contribute to IRAs& a 401k?

The Internal Revenue Service rules permit people to contribute to both IRAs and 401k plans. The contribution limits for the two types of retirement plans are independent of each other.References:IR... Read More »