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How do you contribute to a ROTH IRA?
You can set up a Roth IRA account at several locations. You may choose a bank, brokerage firm, insurance company, etc. Once the account is set up you need only to determine how much you can...
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What is the difference in 401k and roth IRA?
A 401k is a "profit sharing "plan or retirement account established by an employer to enable their employees to share in the company profits. You contribute to with pre-taxed dollars, but your...
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Can you contribute to a Roth IRA after you have retired?
You cannot contribute more to your IRA than the amount of your "compensation income." Compensation income is the taxable portion of your wages/salary, net self-employment, and alimony. Any amount...
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Can you have a IRA and a Roth individial 401k?
Is your question can you have both a ROTH and Traditional IRA? If so, yes you can.
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Can you contribute to a Traditional IRA and a Roth IRA?
Yes, but combined contribution limits apply. For 2008 the maximum contribution amount is $5,000 for individuals under 50 years of age and $6,000 for those over 50. If you are under 50 and contribute...