How to Contribute to a 401K and a Traditional IRA

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How to Contribute to a 401K and a Traditional IRA – This is a place for the community to provide tips and advice on How to Contribute to a 401K and a Traditional IRA. This topic was created by noster 353 and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Tip 1
Can You Have a 401(k) and an IRA? - Betterment More
Published: 9 years, 3 month(s) ago by Julian Dunayevich | permalink
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How many different retirement accounts do you need? Can you save in more than one at the same time? Here's the deal on combining a 401k with other accounts.

For further reading: https://www.betterment.com/resources/retirement/401ks-and-iras/can-you-have-a-401k-and-an-ira/ ^[1]

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How to Max Out Your Retirement Accounts in 2014 More
Published: 9 years, 3 month(s) ago by Chris Eckrich | permalink
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Use these strategies to make optimum use of your 401(k) and IRA.
Tags: RetireBucket-IRA,retirement,picks,401(k),money,FundsBucket-401k,LTMoney,taxes,investing,Emily Brandon,401(k)s

For further reading: http://money.usnews.com/money/retirement/articles/2014/01/06/how-to-max-out-your-retirement-accounts-in-2014 ^[2]

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Tip 3
Can I contribute to both a 401(k) and an IRA? More
Published: 9 years, 3 month(s) ago by Chris D Amico | permalink
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If you contribute to your 401(k) account, you may still contribute to a Roth IRA and/or a Traditional IRA; however, your participation in the 401(k) plan may affect your ability to take a tax deduction for any Traditional IRA contributions. It will not affect the amount you are able to contribute.
Tags: 401(k),401(k) contribution,ira,ira contribution,roth,roth ira,401k,life stage - retirement,retirement saving plan,traditional ira,fa seeker,wm-retirement,wm-family

For further reading: http://www.investopedia.com/ask/answers/07/401(k)_ira.asp ^[3]

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What is a traditional IRA? More
Published: 9 years, 3 month(s) ago by expedition | permalink
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A traditional IRA is a tax-deferred retirement savings account. You pay taxes on your money only when you make withdrawals in retirement.
Tags: traditional IRA, IRA, tax deferred, retirement, retire, deductible, nondeductible, Ultimate guide to retirement, personal savings, saving for retirement, how to retire, CNNMoney, Money Magazine, tax breaks, taxes

For further reading: http://money.cnn.com/retirement/guide/IRA_traditional.moneymag/index3.htm ^[4]

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Tip 5
Can I Contribute To A 401k And An IRA? More
Published: 9 years, 3 month(s) ago by adads | permalink
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This question about comes up frequently: can I contribute to a 401k and an IRA? Fortunately for your retirement nest egg, you can contribute to both types of retirement accounts. In fact, both wor...

For further reading: https://blog.personalcapital.com/retirement-planning/can-contribute-401k-ira/ ^[5]

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Category: Fun | 9 years, 3 month(s) ago

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expedition, Chris Eckrich, Chris D Amico, Julian Dunayevich, adads

References & Citations

1. https://www.betterment.com/resources/retirement/401ks-and-iras/can-you-have-a-401k-and-an-ira/

2. http://money.usnews.com/money/retirement/articles/2014/01/06/how-to-max-out-your-retirement-accounts-in-2014

3. http://www.investopedia.com/ask/answers/07/401(k)_ira.asp

4. http://money.cnn.com/retirement/guide/IRA_traditional.moneymag/index3.htm

5. https://blog.personalcapital.com/retirement-planning/can-contribute-401k-ira/