Can I Invest in both a Roth and Traditional IRA in the same year?

Question

Can I Invest in both a Roth and Traditional IRA in the same year?

Answer 1

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Answer 2

Yes but you still can only contribute a maximum amount of money a year regardless of which you use.

For 2008 it's 5,000 dollars if you are 49 years old or younger.

Answer 3

Yes as long as you invest no more than $5000 total if you are under 50 or $6000 total if you are over 50.

Answer 4

Yes, but the total of both cannot exceed $5K ($6K if age 50).

Answer 5

The 3 previous answers are correct.

Answer 6

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