Can You Put Money In A 401K And A Roth IRA? 
Yes , you can contribute to a 401k and IRA in the same year . If your employer is providing a match for your 401k , it might be a good strategy to put in enough to qualify for the full employer match before contributing to an IRA . There are income qualifying rules for the traditional IRA . For married filing jointly or qualifying widow -LRB- er -RRB- and your modified adjusted gross income -LRB- MAGI -RRB- is less than $ 181,000 you can contribute up to $ 5500 -LRB- over age 50 the contribution limit is $ 6500 -RRB- . If your MAGI is between $ 181,000 and $ 191,000 your contribution amount is reduced . For single , head of household or married filing separately and you did not live with your spouse at any time during the year , if your MAGI is less that $ 114,000 you can contribute up to $ 5500 -LRB- over age 50 the contribution limit is $ 6500 -RRB- . If your MAGI is between $ 114,000 and $ 129,000 your contribution amount is reduced . Traditional IRAs have a maximum age contribution limit of 70 and you must begin Required Minimum Distributions -LRB- RMDs -RRB- by April 1 of the year following the year in which you turned age 70 . Roth IRAs have no age limits for contribution and have no RMD at age 70 . This could mean you have two RMDs in the same year . If you or your spouse participates in an employer sponsored retirement plan such as a 401k , the ability to deduct a contribution to a traditional IRA hinges on what your MAGI is on your tax return along with your filing status . There are some rather complicated formulas that relate to this and you should definitely seek advice from your tax preparer on anything tax related . As always , you should consult with a qualified financial professional when considering financial products and strategies for retirement income . 