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re: Can you max out both a 401k and a Traditional IRA

Posted on 12/7/12 at 1:20 pm to
Posted by LSUcam
Destin FL
Member since Dec 2011
381 posts
Posted on 12/7/12 at 1:20 pm to
17.5k to 401k and 5k, (or 6k if your 50), given that you have the earned income to show for the contribution.

Yes you can max out both each year.

**edit.. the 17.5k is for 2013. I beleive it's 17k for 2012.
This post was edited on 12/7/12 at 1:21 pm
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