Question by tax_question: Can I contribute to individual roth ira and 401k roth ira at the same time ?
I’ve contributed the maximum allowed for the 401k roth ira ($ 15500). Can I contribute another ($ 4500-$ 5500?) to an individual roth ira account? Or any other individual ira account in the same year?

Best answer:

Answer by QandA
Yes, I think the roth ira contribution is 4000. There is an income limit, so as long as you don’t make more than the limit you can

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And by individual stocks, I don’t mean the company’s stock. I’m talking about non-employer stocks traded on an exchange.

In addition, do most 401k plans allow the participant invest in any mutual fund of his/her choice? Or do most 401k plans offer only a limited mutual fund selection?

*I know plans vary. But, this is just a general question.

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