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Can you invest in both a traditional 401(k) and Roth 401(k) at the same time
Posted: 04.19.2012 at 11:47 PM
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Author: Dave Boike, Retirement Resources If your employer does offer both types of 401(k) plan, you can split your contributions between the two if you so choose, as long as your combined annual contributions do not exceed 2012's annual limit of $17,000. If you're 55 or older, that limit jumps to $22,500. With so many options, there is a 401(k) plan, or a combination of the two, that is ideal for your current situation. But before you make your decisions, be sure to weigh these considerations carefully, especially if you don't speak with a financial advisor regularly.
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