Can I have a simple employer IRA and a Roth IRA at the same time?

Answer Yes, you can have a simple employer IRA account and a Roth IRA. It is permissible to contribute to a Roth account (depending on your income bracket) regardless of whether you are covered by another... Read More »

Top Q&A For: Can I have a simple employer IRA and a Roth IRA...

Can my employer contribute to my Roth?

Roth IRA contributions can only be made by individuals. If you contribute to a Roth 401(k) and your employer has a matching contributions program, the matching contributions must be put in a separa... Read More »

What is a simple Roth IRA?

A Roth IRA is a flexible individual retirement account that allows you to invest in your retirement. According to the You Need a Budget website, you are eligible to invest in a Roth if modified ad... Read More »

Can I have both a Roth IRA and simple IRA?

According to the Midas Funds website, you can contribute to a Simple, Roth, SEP and Education IRA at the same time, even if you are also covered by a company pension or a 401K plan. Depending on yo... Read More »

Do You Report Employer Contributions to a Simple IRA on Form 940?

A SIMPLE IRA is also referred to as Savings Incentive Match Plan For Employees. These plans allow you to contribute money to a retirement account with your employer matching your contributions. You... Read More »