Is it legal to have an IRA and 401K at the same time?

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2007-03-15 12:09:50 · 5 answers · asked by tom72_98 1 in Business & Finance ➔ Investing

Absolutely.

2007-03-15 12:17:01 · answer #1 · answered by The man 7 · 0⤊ 0⤋

I believe you can contribute to a Roth IRA account while having a 401K.

Go to the IRS site and read pub. 590. that is the bible on IRA accounts.

2007-03-15 12:18:46 · answer #2 · answered by Italian girl 4 · 0⤊ 0⤋

Yes.

2007-03-15 13:17:49 · answer #3 · answered by njyogibear 7 · 0⤊ 0⤋

Not only is it legal, but you can have many of each.

2007-03-15 16:14:34 · answer #4 · answered by anywherebuttexas 6 · 0⤊ 0⤋

Yes, you can have both.

2007-03-15 17:14:27 · answer #5 · answered by new name 5 · 0⤊ 0⤋