Can I have both a Roth IRA and simple IRA?

Answer 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 »

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

Can i have both a traditional&roth ira?

On One Hand: Traditional IRAs Are Tax-DeferredA traditional IRA is a tax-deferred individual retirement account. You can deduct traditional IRA contributions from your taxable income and put off pa... Read More »

Can both my spouse and I have Roth IRAs?

Yes, the Internal Revenue Service states that you can contribute to both your own and your spouse's IRA up to $5,000, or $6,000 if you are 50 and over, per IRA. The limit increases to $8,000 per in... Read More »

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

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 »

Can I Contribute the Maximum to Both a 401(k) and a Roth IRA?

Roth individual retirement accounts and 401k retirement savings plans share a common purpose: to encourage people to save for retirement. Employers sponsor 401k plans, while individuals administer... Read More »