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Question

Can I Contribute to both 401k (maximum allowed 18500), and Roth IRA max allowed $5500 in the same year?

Forum|Forum|7 years ago
June 6, 2019
1 reply
0 views

I am already contributing the maximum allpwed to my 401k, wanted to know if it is possible to also contribute to a Roth IRA in the same year.

TurboTax Premier Windows

Level 15

It depends on your Modified Adjusted Gross Income (MAGI).

Please read this IRS document to see if you can contribute to a Roth IRA:

https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that...

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