Investors....

Smokey1226

Dirrty North
Established Member
Joined
Oct 15, 2005
Messages
4,687
Location
South East, WI
can you contribute to both a Roth and regular IRA? I know the differences and what not, but i have a Roth and want to see if i can open a regular one as well?
 

s_x_i

Active Member
Established Member
Joined
Sep 21, 2006
Messages
3,655
Location
Texas or England - It just depends...
yes (I think)

I have a Roth IRA and a company 401 K. I own the company, so I match my own contributions :pepper:

I can save some stupid amount of money before I start paying taxes. I paid a CPA and my IFA to set it up. Make a call to an IFA, a lot of them will do it for free...
 

ON D BIT

Finish First
Established Member
Joined
Jul 7, 2003
Messages
16,212
Location
Currently in Sonoma County
yes you can contribute to as many ira's as you want in your name. the problem is that each ira in your name is not viewed individually. so if you have one ira and one roth ira the total contribution to both ira's can not exceed the maximum per year. if your under 50 years old you can contribute up to 4k each year through 2007.
 

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