can you make an IRA contribution if you have a 401k
Yes, you can invest in both an IRA and a 401k (or a Roth 401k and a Roth IRA) at the same time, or any combination of those accounts.And in some cases, based on the fees in your 401k, an IRA might actually be a better place to invest your money.ou can indeed have a 401(k) and IRA at the same time. Itâs good that you listed the income limits also for contributions to a Roth. To answer âFashionsâ question above â you can contribute to a Roth at anytime, however April 15 is the last day to make contributions that may be credited for 2009.