Genetically modified organisms (GMOs), also known as genetically modified or engineered foods, are created by forcing a piece of DNA from a totally different species, such as bacteria or viruses, into the DNA of a plant or animal.
A: Yes, you can contribute to both a Roth IRA and an employer-sponsored retirement plan such as a 401(k), SEP or SIMPLE IRA. However, each type of retirement account has annual contribution limits.: Yes, you can contribute to both a Roth IRA and an employer-sponsored retirement plan such as a 401(k), SEP or SIMPLE IRA. However, each type of retirement account has annual contribution limits.
An investor can contribute to either a Traditional IRA or Roth IRA, or split the contribution between the two, but the combined annual contribution limit still applies. For example, in 2017, if you were 28 years old, you could contribute a total of $5,500 to either your Traditional IRA or your Roth IRA without exceeding the contribution limits and being hit with significant penalties.