Back to list
QUESTION DETAIL
Related User
Votes
Can a person contribute to an IRA and Roth IRA at the same time?
ANSWER
The BIDaWIZ Team's Answer:
Yes; but, the total amount that you contribute, to the two
accounts, cannot exceed the annual contribution limit.
The current limit = $5,000, if under age 50, or $6,000, if
age 50, or older. See IRC 219(b)(5).
