Can I Have a 401(k) and an IRA?

Short answer: Yes, you can contribute to both a 401(k) and an IRA, but if your income exceeds the IRS limits, you might lose out on one of the tax benefits of the traditional IRA. How it works: One of the benefits of a traditional IRA is that you can get a tax deduction for…

The article Can I Have a 401(k) and an IRA? originally appeared on NerdWallet.