No. of Recommendations: 0
Greetings, Russ, and welcome. You asked:

<<Is it possible for one individual to own both a Traditional IRA and a Roth IRA and make contributions to both? If so, is the maximum amount which can be made to each $2000.00 or does the amount invested in one limit the investment to the other?>>

Yes, you may have both at the same time and you may contribute to both at the same time. Your contributions, though, are limited to no more than the lesser of your earned income or $2K per year, which can be divided any way you wish between all of your IRAs.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.