Can a person contribute to both Traditional IRA (tax deductible) and Roth IRA?

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  • 1 decade ago
    Favorite Answer

    It depends upon how much money you make. You can only contribute up to the limit for both of them combined. The Roth IRA is the better of the two because you can take out the money tax-free when you hit 59 1/2.

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  • Anonymous
    1 decade ago

    Sure, up to your yearly limit.

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