Roth IRA, Traditional IRA, 401K » same http://www.iraroth.net IRA Questions and Answers Tue, 17 Jan 2012 00:09:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Q&A: Can I contribute to individual roth ira and 401k roth ira at the same time ? http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/ http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/#comments Tue, 16 Aug 2011 18:44:24 +0000 admin http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/ 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

Know better? Leave your own answer in the comments!

]]> http://www.iraroth.net/2011/08/qa-can-i-contribute-to-individual-roth-ira-and-401k-roth-ira-at-the-same-time/feed/ 4 Are Roth IRAs different, or they are all the same? http://www.iraroth.net/2010/03/are-roth-iras-different-or-they-are-all-the-same/ http://www.iraroth.net/2010/03/are-roth-iras-different-or-they-are-all-the-same/#comments Tue, 30 Mar 2010 21:13:33 +0000 admin http://www.iraroth.net/2010/03/are-all-roth-iras-the-same/ There are a lot of companies that offer Roth IRAs. Are they all the same or are they managed differently based on different investment philosophies?

]]> http://www.iraroth.net/2010/03/are-roth-iras-different-or-they-are-all-the-same/feed/ 4 Are all IRAs the same, or are some better than others for a retirement fund? http://www.iraroth.net/2010/02/are-all-iras-the-same-or-are-some-better-than-others-for-a-retirement-fund/ http://www.iraroth.net/2010/02/are-all-iras-the-same-or-are-some-better-than-others-for-a-retirement-fund/#comments Fri, 19 Feb 2010 22:26:48 +0000 admin http://www.iraroth.net/2010/02/are-all-iras-the-same-or-are-some-better-than-others-for-a-retirement-fund/ Is there something better than a IRA for retirement?

]]> http://www.iraroth.net/2010/02/are-all-iras-the-same-or-are-some-better-than-others-for-a-retirement-fund/feed/ 5 Can I contribute $4k each to Traditional & Roth IRAs in same year? http://www.iraroth.net/2010/02/can-i-contribute-4k-each-to-traditional-roth-iras-in-same-year/ http://www.iraroth.net/2010/02/can-i-contribute-4k-each-to-traditional-roth-iras-in-same-year/#comments Sat, 13 Feb 2010 17:41:07 +0000 admin http://www.iraroth.net/2010/02/can-i-contribute-4k-each-to-traditional-roth-iras-in-same-year/ I have already contributed $4,000 to my Roth IRA at Vanguard for 2006. I was on the site to make a $1,000 contribution to my Traditional IRA, and the site said I’ve already made my maximum allowed contributions. I haven’t contributed anything to my Traditional Roth this year.

I was under the impression I could contribute $4k each to a Roth and a Traditional IRA each year. Am I wrong?

A second question. I still have a 401K with a former employer. Can I contribute money into that still?

]]> http://www.iraroth.net/2010/02/can-i-contribute-4k-each-to-traditional-roth-iras-in-same-year/feed/ 5 Roth Ira ownership for disabled and regular Ira at same time ? http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/ http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/#comments Mon, 28 Dec 2009 11:43:38 +0000 admin http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/ Suppose I open an roth Ira 23% yield, Can I put money into a traditional ira at 23% then roll it into the roth? what are the rules for conversion?

]]> http://www.iraroth.net/2009/12/roth-ira-ownership-for-disabled-and-regular-ira-at-same-time/feed/ 1 Can I contribute up to the limit into separate traditional IRA and Roth IRA accounts on the same year? http://www.iraroth.net/2009/12/can-i-contribute-up-to-the-limit-into-separate-traditional-ira-and-roth-ira-accounts-on-the-same-year/ http://www.iraroth.net/2009/12/can-i-contribute-up-to-the-limit-into-separate-traditional-ira-and-roth-ira-accounts-on-the-same-year/#comments Thu, 10 Dec 2009 21:08:34 +0000 admin http://www.iraroth.net/2009/12/can-i-contribute-up-to-the-limit-into-separate-traditional-ira-and-roth-ira-accounts-on-the-same-year/ Let’s say for 2008, I would like to contribue the $5k (max amount) to my traditional IRA and another $5k to a Roth IRA. At the same time, I’m an active participant to an employer sponsored 401k plan. I will be filing on single status. Can I do this?

]]> http://www.iraroth.net/2009/12/can-i-contribute-up-to-the-limit-into-separate-traditional-ira-and-roth-ira-accounts-on-the-same-year/feed/ 4