can I contribute to roth ira and 401k
You can contribute to both a 401k and a Roth IRA at the same time. A 401k is an employer-sponsored plan. You can't own one individually. Anyone with income can have a Roth IRA. Combining both these types of accounts can allow you to maximize your retirement savings.ou contribute to a Roth IRA after taxes. That way you won't have to pay taxes on that money when you withdraw it after you retire. If you invest wisely and your Roth IRA increases in value, you will not have to pay taxes on the gains from your investment. Your 401k will be taxed after you retire.