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URL:  http://boards.fool.com/greetings-2gynkv-and-welcome-you-asked-i-10359772.aspx

Subject:  Re: Roth IRA + 401-k in same year? Date:  10/9/1998  8:10 AM
Author:  TMFPixy Number:  5953 of 75340

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.

Regards….Pixy


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