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

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.

posted

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

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

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