If I Contribute To A 401K Can I Still Contribute To A Roth IRA?

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   That is an excellent question! Yes, if you can afford to contribute to both accounts, absolutely! If your employer matches your 401k contribution, you want to keep that company match, it's free money. If you can keep your contribution level there, and still make your $5500 ($6500 if you are 50+) contribution to your Roth, great! If not, you might want to think about starting off with the 401k account, getting the match, switch to the Roth until it's maxed, then switch back to the 401k until you reach the max there. Talk to your financial advisor and figure out what will work best for you. If you need help, feel free to contact me, okay? Thanks for asking!

   Answered on June 11, 2014

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