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New Member
posted Jan 22, 2020 2:30:02 PM

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

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1 Best answer
Expert Alumni
Jan 22, 2020 2:44:17 PM

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

1 Replies
Expert Alumni
Jan 22, 2020 2:44:17 PM

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