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

Answer 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 »

Top Q&A For: Can I contribute to both a 401k and an IRA

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 »

How do I contribute to a 401k& a Roth?

Begin 401k SavingAsk human resource personnel at work about details on contributing to your 401k plan. Choose a percentage of your income to contribute to this payroll deduction plan and begin mak... Read More »

Can I contribute to an IRA if I maxed out my 401k?

You can contribute to an IRA even if you have already maxed out your 401k plan contributions, according to the Internal Revenue Service. The contribution limits are counted separately. However, if ... Read More »

Can I contribute to a Roth IRA& a 401k plan?

As long as you are eligible to contribute, you can contribute to both a Roth IRA and a 401k plan in the same year. Roth IRAs require that your adjusted gross income be below the annual limit, which... Read More »