Can you make contributions to a SIMPLE and a Roth IRA in the same year?

Submitted by Jack Thomas on Tue, 2014-09-16 04:19

Income limitations notwithstanding, can you max out contributions to a SIMPLE IRA and a Roth IRA in a given year?

Would the same thing apply to SEP and Roth IRAs?

Thanks for the help!



Submitted by Alan - IRA critic on Tue, 2014-09-16 20:02

Yes, Roth contributions can be made for both SIMPLE and SEP IRA participants if their modified AGI is not too high.

Submitted by Jack Thomas on Wed, 2014-09-17 03:36

Thanks again.

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