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

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 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 »

Does a roth 401k count as a holding period for a roth ira?

When you rollover money from a Roth 401k plan to a Roth IRA, the time in the Roth 401k does not count towards the five year requirement that must be satisfied before qualified distributions can be ... Read More »

Does the Roth phase-out affect the Roth?

The Roth Phase-Out affects your ability to continue contributing to a Roth IRA if your income is above a certain threshold. This phase-out only affects new contributions and does not affect Roth IR... Read More »