VictoriaD75
Expert Alumni

Retirement tax questions

Yes, as long as you meet the eligibility criteria on both. For instance, the Roth IRA has income limitations and both have maximum contribution amounts. The IRS has a helpful table that compares the two and includes up-to-date dollar amounts. Keep in mind that contributions are not deductible for either the Roth 401k or Roth IRA.

 

Roth Comparison Chart

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