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You can contribute to both a 401K and an IRA at the same time (same year).

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15y ago

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Can I contribute the full 6000 to my IRA if I also have a 401k?

Yes, you can contribute the full 6000 to your IRA even if you also have a 401k.


Can you contribute to both a 401K and an IRA?

yes


If you have a 401k and an IRA can you convert some of your IRA to a roth IRA and contribute to your IRA?

Yes.as long as you do not contribute more than your annual limit.


Can you contribute to an IRA or 401k after age 70.5?

You can contribute to a Roth IRA after age 70.5 as long as you have earned income, but you cannot contribute to a traditional IRA after that age. For a 401(k) plan, it depends on the rules of the specific plan, but typically you can continue to contribute to it past age 70.5 as long as you are still working and the plan allows for it.


Do chefs get a 401K?

Any employee, regardless of the type of work he or she performs, is eligible for a 401k if the employer offers it. An employer is not required to offer a 401k, however. If an employer-sponsored plan (401k, 403b, SEP IRA, etc.) is not available, often individuals will contribute to a Traditional IRA or Roth IRA.


Is a 401K the same as an IRA?

A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.


Can I rollover my 401k to an IRA?

Yes, you can rollover your 401k to an IRA.


Can you rollover your 401k to an IRA?

Yes, you can rollover your 401k to an IRA.


Can I roll over my 401k to an IRA?

Yes, you can roll over your 401k to an IRA.


Can I rollover my 401k to a traditional IRA?

Yes, you can rollover your 401k to a traditional IRA.


Can I rollover my 401k to an existing IRA?

Yes, you can rollover your 401k to an existing IRA.


Can you roll a Roth IRA into a 401k?

No, you cannot roll a Roth IRA into a 401k.