Can I contribute to more than one IRA account?

Answer On One Hand: Splitting Your ContributionsYou can have as many IRA accounts as you want, according to and the IRS. Many people choose to have multiple IRA accounts in order to diversify... Read More »

Top Q&A For: Can I contribute to more than one IRA account

Can I contribute to my 401k& my IRA account in the same year?

You can contribute money to your 401k plan and your IRA in the same year. However, if you are able to contribute to a 401k plan, your contributions to a traditional IRA plan may not be tax-deductib... Read More »

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How much can you contribute to an ira?

If you are under age 50 at the end of 2009, you can contribute up to $5,000 a year to traditional or Roth IRAs. If you are age 50 or older by 2010, you can contribute $6,000. This amount can be spr... Read More »

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

Yes. A person can contribute to both a SEP IRA and a 401k. The SEP IRA is thought to be easier to administer while the 401k has a loan feature and possibly higher contribution amounts at the same ... Read More »