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

[VictoriaD75 · Accepted solution]

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