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	<title>New answer on: Can You Have A Roth 401K And A Traditional 401K?</title>

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		<title>By: Jim Winkler</title>

		<link>http://insurancelibrary.com/retirement-plans/can-you-have-a-roth-401k-and-a-traditional-401k</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Sun, 22 Mar 2015 00:10:57 +0000</pubDate>

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		<description><![CDATA[That is a terrific question! Yes, you absolutely can, and should! If you can afford to fund both accounts, by all means do so. The tax free growth advantage of the Roth, and the freedom to continue letting it grow when you turn 70 1/2 make it a perfect compliment to the taxed withdrawals of your 401k account. 
 The balance of the two are a very good investment plan for your retirement. You should be aware that the IRS caps the amount of yearly contributions in your Roth at $5500 a year ($6500 if you are over 50 years old). You can put $18,000 into your 401k, in 2015, and an additional $6,000 if over the age of 50. If you can afford to max these out, do it! Especially the 401k if your company matches a percentage of the contributions that you are making. What a great question! If you need more detail, please feel free to contact me, okay? Thanks for asking!]]></description>

		

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		<title>By: Thomas Schaffer</title>

		<link>http://insurancelibrary.com/retirement-plans/can-you-have-a-roth-401k-and-a-traditional-401k</link>

		<dc:creator>Thomas Schaffer</dc:creator>

		<pubDate>Sat, 21 Mar 2015 16:10:15 +0000</pubDate>

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		<description><![CDATA[Yes, if your company offers both you can have both, however the total contribution for both accounts combined cannot exceed the IRS contribution limits between the two accounts. The value in having both is for tax diversification in the future. The traditional 401K will require taxes to be paid on distributions in the future, and is subject to RMD, where the Roth is not.]]></description>

		

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