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+--- Thread: DGI w/ Roth IRA (/showthread.php?tid=1536)
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RE: DGI w/ Roth IRA - rayray - 06-13-2016
http://www.investopedia.com/ask/answers/03/081503.asp
From Investopedia:
"Yes, an individual can contribute to both a Roth IRA and a Traditional IRA in the same year. The total contribution into both cannot exceed $5,500 for individuals under 50, and $6,500 for those 50 and over. For example, a person can contribute $2,500 into a Traditional IRA and $3,000 into a Roth IRA for the 2016 tax year. Additional conditions must meet IRS requirements as well."
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits
From IRS:
"For 2015 and 2016, your total contributions to all of your traditional and Roth IRAs cannot be more than:
- $5,500 ($6,500 if you’re age 50 or older), or
- your taxable compensation for the year, if your compensation was less than this dollar limit."