My company provides me access to 401k, and I am contributing the maximum allowed in that 401k. In addition I also have Roth IRA (I qualify for it because of income less than $193000). Recently, my company has said now we have option of regular 401k or Roth 401k. Now, I am wondering if I can contribute to all three accounts? I know I would be subjected to maximum limit of 401k, but is it still allowed?
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Possible duplicate of If I have a Simple IRA can I also contribute to a Traditional IRA and/or Roth IRA?– Ellie KCommented Feb 15, 2016 at 0:21
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2I don't think this is a duplicate. The difference of 401(k) with IRA vs multiple types of IRA seems sufficiently different to me to justify a new question. @EllieKesselman– user32479Commented Feb 15, 2016 at 1:35
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1 Answer
Yes, you're allowed to contribute to both a Roth 401k and a regular 401k; it's fairly common to do so for the purposes of diversification. You can also contribute to a Roth IRA, assuming you're under the income limits.
Note that your employers' contributions to your 401k (like a match) are always pre-tax, not Roth.
