Just the Roth

[Anonymous]

I know the maximum combined contributions to an IRA is $6,500 for the 2023 year.  Can I have JUST the Roth IRA and not a Traditional IRA?  This considering that I am not worried about deductions as I have a retirement plan with work and am within MAGI limits.

[Bsch4477]

You can have either a traditional or Roth IRA or both as long as you don’t go over the contribution limit as you posted. If the traditional IRA contribution would not be a deduction a Roth seems a better way to go.