Monday, August 22, 2011

IRA Question / 401K? ? Roth IRA News

Can I contribute $5500 to a Roth IRA and $5500 to a traditional IRA or is it $5500 total in 2008? I need to know so that I can avoid over contributing to the limited investment choices in my company 401-K because I am still under the $15500 limit.
Thanks for the insight. I wanted to put as much in my IRAs as possible as I like the investment options I have selected more than those available in my company 401-K. I contribute up to the company match, but not beyond. However, if $5000 is the limit in 2008, then I have no other options, but to open up a taxable account or allocate more of my pre-tax paycheck dollars to the 401-K to get a tax deduction.

Source: http://rothira.solve-up.com/roth-ira/ira-question-401k/

sona sona dte david hasselhoff mary j blige the proposal helen keller

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