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Brybz asks:

So it IS possible to contribute to a SIMPLE-IRA and a Roth IRA, while transferring my old 401k into a traditional IRA? Can I make subsequent contributions to the traditional IRA's with the Roth and SIMPLE?

Yes, the transfer of your 401k money to a traditional IRA does not in any way prohibit you from making a contribution to both the SIMPLE and the Roth. Your participation in the SIMPLE also in no way prohibits you from contributing to a traditional or a Roth IRA. All the SIMPLE participation will do is possibly preclude a deductible contribution to a traditional IRA. For details on the latter, see page 9 of IRA Publication 590 (Individual Retirement Arrangements) available for download at

As to "subsequent contributions to the traditional IRA," you may make an annual contribution to both a traditional and a Roth IRA in the same year, but the total of both contributions combined may not exceed $2K. Please note that I'm not talking about a rollover/transfer of 401k money here as that kind of contribution does not affect your ability to make an annual contribution. For more on IRAs in general, visit our IRA Area at

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