Can you contribute to both employer sponsored retirement plan and IRA

[KoalaBear1]

So you'll have both both employer sponsored 401K or 457b and Roth IRA per tax year.   Is this allowed?

[AmyC]

Yes provided you qualify with the income limitations. For TY22 contributions phase out at these levels:

• MFJ 204,000-214,000
• Single, HOH  $129,000-144,000
• MFS $0 - 10,000

You can contribute up to $6,000 under age 50 or $7,000 if age 50 and above.

[xokazchaz]

AmyC  thank you very much it was just what I was looking for too, you have detailed it perfectly