Can I Contribute to Both an IRA & a Roth IRA in The Same Year?

 
 

 

Can I Contribute to Both an IRA & a Roth IRA in The Same Year?

Can I contribute to both an IRA and a Roth IRA in the same year img.jpeg

Yes, as long as you are below the income requirements.  The maximum COMBINED amount you can contribute is a total of $5,500 ($6,500 if you’re over 50).  Sorry, you can’t contribute $5,500 into each of these accounts in the same year.


Related Articles


Have a question? Submit a request.