Question by Pubnym: Does the IRS allow to invest in a 401K Plan and also a Roth IRA account at the same time?
I just signed up for a 401K Plan with my company and am also considering investing in a Roth IRA Account. My question is, does the IRS allow simultaneous investments in the 401K & Roth IRA? My filing status would be married filing jointly. Thanks.
Best answer:
Answer by Pam
Absolutely! The only IRS issue is the maximum you can invest in a 401k and the maximum you can invest in an IRA?.but you can do BOTH (we did, as known by our Smith Barney financial advisor!)
What do you think? Answer below!
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