Quote:
Originally posted by denim
Okay, serious question: Is it okay to contribute to both a 401(k) and an IRA in the same year? Mine is a roll-over IRA. So, I can contribute other amounts to it other than at RO times?
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Yes, this is fine, though to be sure it doesn't neccesarily make sense if you aren't already contributing the max to your 401(k). This is *doubly* true, literally, if your employer matches your 401(k) contributions.
Absolutely. Most people in the 20-35 age range will be making some serious purchases in the short-to-mid terms. It's extremely important to keep some assets liquid for these purposes-- otherwise you can get nailed when you try to get the money out for down payment on a home, for instance.
Bob