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.
Quick Summary. 1  You may only contribute to a Roth IRA if you make less than a certain amount of money: $133,000 for single filers and $196,000 for married couples. 2  The maximum annual direct contribution to a Roth IRA is $5,500 unless you are age 50 or over, in which case it is $6,500.