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ROTH IRA and Employer sponsored Simple IRA Question

Posted on 1/12/23 at 11:39 am
Posted by GentleJackJones
Member since Mar 2019
4161 posts
Posted on 1/12/23 at 11:39 am
I've got a ROTH IRA set up with my Vanguard brokerage account. The maximum contribution is $6,000.00.

My new employer is offering a SIMPLE IRA - the maximum contribution I believe is either $14,000 or $15,000.

Probably a stupid question, but can I contribute/max out both?
Posted by Tygermanjohn
Baton Rouge
Member since Aug 2004
150 posts
Posted on 1/12/23 at 11:46 am to
Yes, provided your wages do not “price” you out of Roth contribution
Posted by GentleJackJones
Member since Mar 2019
4161 posts
Posted on 1/12/23 at 12:53 pm to
What amount would price me out…?
Posted by Tygermanjohn
Baton Rouge
Member since Aug 2004
150 posts
Posted on 1/12/23 at 7:31 pm to
2023 limits per google

Single - 153k
Married/jointly - 228k
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