The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: Roth IRA + 401-k in same year? Date:  10/9/1998  8:10 AM
Author:  TMFPixy Number:  5953 of 88498

Greetings, 2gynkv, and welcome. You asked:

I contributed over $2,000 to my 401-K in 1998. Can I still open a Roth IRA for 1998? Can I contribute to both in future years as well?

Yes to both questions. As long as you have the earned compensation to support a Roth IRA and you don't exceed the maximum AGI limits for a Roth, you may contribute to both your 401k and a Roth. Contributions to either have no effect on your ability to use the other.


Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us