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Yes, you can invest in both an IRA and a 401k (or a Roth 401k and a Roth IRA) at the same time, or any combination of those accounts.
Can I Have a Roth IRA and/or Traditional IRA Plus a Retirement Account at Work? Yes. In addition to funding a Roth IRA or Traditional IRA each year, you can also fund a Traditional 401(k), a Roth 401(k), a Solo 401(k), a 403(b), SEP-IRA, SIMPLE IRA, or other qualified plan. These often have other advantages of their own, including unlimited bankruptcy protection on top of the bankruptcy protection offered on the IRAs discussed in this article.