Ramsey Everyday Millionaires Can I Do a Roth 401(k) & Roth IRA at the Same Time?
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Aug 25, 2025 Explore the fascinating world of Roth IRAs and Roth 401(k)s! Discover the key differences between these accounts and learn if you can contribute to both at the same time. The discussion dives into tax benefits, debunks common myths, and emphasizes the importance of reliable financial advice. Ordinary people share how they built extraordinary wealth, reminding everyone that disciplined investing can pave the way for financial freedom!
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Sister Calls To Settle Roth Dispute
- Diane called to settle a dispute about whether her brother could use both Roth accounts.
- She provided his income, IRA and 401(k) contribution numbers and asked who was right.
You Can Have Both Roth Accounts
- Do contribute to both a Roth 401(k) and a Roth IRA if your situation allows.
- Maxing both is permitted and gives you more after-tax retirement space.
Roth Is A Tax Treatment, Not A Single Account
- A Roth is a tax treatment meaning you use after-tax dollars and withdrawals are tax-free in retirement.
- The only limitation is IRA income limits, but a backdoor Roth can work if you exceed them.