Question

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

Answer 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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Top Q&A For: Can I contribute to my 401k& my IRA account in ...

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 »
http://www.answerbag.com/q_view/1870611

How much should I contribute to my 401K?

I agree with Steven F's 15% strategy. Always strive to save 15% of your gross (pre-tax) income toward retirement. If you can manage, save another 10% for other needs, such as your emergency accou... Read More »
http://answers.yahoo.com//question/index?qid=20090615142414AA7Wyh1

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 »
http://www.answerbag.com/q_view/2208125

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 »
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