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.
However, certain upper income taxpayers may not contribute to a Roth IRA due to the Roth IRA contribution limits and restrictions. With these details in mind, now let's look at whether retirement savers can have and contribute to both a traditional IRA and a Roth IRA. Provided you meet the earned income requirements and the income limitations for each type of IRA, you may contribute to both a Roth and a traditional IRA.