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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.
Yes, you can contribute to both a traditional and Roth 401(k). You are subject to a yearly contribution limit of $17,500 ($23,000 if youâre 50 or older). You can allocate your total amount in any way you would like between the two accounts.es, you can contribute to both a traditional and Roth 401(k). You are subject to a yearly contribution limit of $17,500 ($23,000 if youâre 50 or older). You can allocate your total amount in any way you would like between the two accounts.