{ "media_type": "text", "post_content": "Argued with another EA today who tried to tell me a Roth IRA is a waste, that a 401k is all that's necessary... Wouldn't accept that they are two different retirement options and equates to more money", "post_id": "56d5e928316e4c0f000be6fa", "reply_count": 9, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Argued with another EA today who tried to tell me a Roth IRA is a waste, that a 401k is all that's necessary... Wouldn't accept that they are two different retirement options and equates to more money

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But you can do both...




You can contribute up to $18,000 to your 401k and put up to $5,500 in a Roth IRA or traditional IRA that same year. One is not limited by the other.


Thanks @OP, good to know!


His "personal financial advisor" told him so...

I hope he's on Fishbowl...


But you're limited in the aggregate, right? I mean if you max out your pre-tax 401k contributions, you can't add more to a Roth...?

^D1 I think you're confusing an IRA and a 401k too. Both can be Roth, but only the 401K is employer sponsored

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