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Can I contribute to a company Simple IRA and a ROTH IRA?
I want to contribute $5500 to my ROTH IRA and contribute to my SIMPLE IRA at work.
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Can I contribute to a company Simple IRA and a ROTH IRA?
As long as your elective deferrals to the SIMPLE IRA do not reduce the amount in box 1 of your W-2 to less then $5,500 and your modified AGI for the purpose of a Roth IRA contribution does not exceed the threshold for Roth IRA contribution eligibility, you can contribute $5,500 to a Roth IRA.
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Can I contribute to a company Simple IRA and a ROTH IRA?
As long as your elective deferrals to the SIMPLE IRA do not reduce the amount in box 1 of your W-2 to less then $5,500 and your modified AGI for the purpose of a Roth IRA contribution does not exceed the threshold for Roth IRA contribution eligibility, you can contribute $5,500 to a Roth IRA.
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Can I contribute to a company Simple IRA and a ROTH IRA?
Perfect. Thanks, I just needed the reassurance that I could do both--assuming I made
< $189,000, was married filing jointly) and I had at least $5,500 in box 1 of my W2 form.
< $189,000, was married filing jointly) and I had at least $5,500 in box 1 of my W2 form.
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