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.
You can contribute to a Roth at any age, even past retirement age, as long as youâre still earning taxable income. A working spouse can also contribute to a Roth IRA on behalf of a nonworking spouse. For a 401(k), the 2014 contribution limit is $17,500, unless youâre 50 or older, in which case the limit is $23,000.hen you can strategize your distributions to minimize your tax liability. You can also contribute to a traditional IRA even if you participate in an employer-sponsored retirement plan, but in some cases not all of your traditional IRA contributions will be tax deductible.