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Author: vitaflo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Roth IRA and 401k contributions? Date: 3/25/1999 2:21 PM
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Just a quick question that I'm hoping someone can answer. I have both a Roth IRA and a 401k through my employer. I started the Roth before I started my 401k. I have heard various things about contributing to both a Roth IRA and a 401k if you have both. Basically I've heard that you can't contribute to a Roth IRA if you have a 401k, and thus I haven't contributed to my Roth since starting my 401k here. Is this a true statement? Can I contribute to my Roth if I want to (since I know I could if I didn't have a 401k)? I only contribute 2% of my salary to my 401k and wouldn't contribute much to my Roth either right now, well below the $10,000 and $2,000 limits, and I'm not sure if that matters. Please help. I don't want to miss the opportunites of the Roth, but at the same time I don't want to get myself in trouble for contributing to it if I can't.

-Brent
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