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re: Any advice to give a newbie on how to invest 10k

Posted on 5/16/14 at 7:03 am to
Posted by rintintin
Life is Life
Member since Nov 2008
16350 posts
Posted on 5/16/14 at 7:03 am to
The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
Posted by tissle
Member since Jul 2009
1957 posts
Posted on 5/16/14 at 9:15 am to
quote:

The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.



I don't think so...

quote:

John, 42, has both a traditional IRA and a Roth IRA and can only contribute a total of $5,500 to either one or both in 2013.


This post was edited on 5/16/14 at 9:16 am
Posted by ForeverLSU02
Albany
Member since Jun 2007
52209 posts
Posted on 5/17/14 at 10:48 pm to
quote:

The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
Nah the combined max is $5500
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