I contribute to a Roth IRA and traditional 401k on my job. Can I open another Roth IRA independent of that with a brokerage firm without being penalized. I edited this post.
Roth 401k and regular 401k or TSP have nothing to do with a Roth IRA, so yes, you can do a Roth as long as you are under the income limit which is around 220k
@@pamelar.edwards2617Roth IRAs aren’t offered my an employer but Roth 401ks can be. You can have as many Roth ITAs as u want but can only contribute a total up to the IRS limit
Wish I started earlier, but i needed every extra cent I could get at that time. Have one now though.
never too late!
I contribute to a Roth IRA and traditional 401k on my job. Can I open another Roth IRA independent of that with a brokerage firm without being penalized. I edited this post.
Roth 401k and regular 401k or TSP have nothing to do with a Roth IRA, so yes, you can do a Roth as long as you are under the income limit which is around 220k
@ I edited the post. Sorry for the inconsistencies.
@@pamelar.edwards2617Roth IRAs aren’t offered my an employer but Roth 401ks can be.
You can have as many Roth ITAs as u want but can only contribute a total up to the IRS limit