Can I have a Roth 401k and a regular Roth IRA at the same time?

cullen-shields · ‎January 22, 2020

VictoriaD75 · ‎January 22, 2020

Yes, as long as you meet the eligibility criteria on both. For instance, the Roth IRA has income limitations and both have maximum contribution amounts. The IRS has a helpful table that compares the two and includes up-to-date dollar amounts. Keep in mind that contributions are not deductible for either the Roth 401k or Roth IRA.

Roth Comparison Chart

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

VictoriaD75 · ‎January 22, 2020

Yes, as long as you meet the eligibility criteria on both. For instance, the Roth IRA has income limitations and both have maximum contribution amounts. The IRS has a helpful table that compares the two and includes up-to-date dollar amounts. Keep in mind that contributions are not deductible for either the Roth 401k or Roth IRA.

Roth Comparison Chart

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I have a Roth 401k and a regular Roth IRA at the same time?