Investments & Financial Planning
Can I still contribute to an IRA , if I contribute to a 401(k) retirement plan ?
Answer:
Yes, The contribution limits set by the IRS for IRAs and 401k plans do not overlap, meaning that your contributions to a 401k plan do not impact your ability to contribute to an IRA, and vice versa.
However, your earned income, such as salaries, must equal or exceed your contribution amount.