Question about Roth IRA and Traditional IRA?
Can you contribute to both a traditional IRA and a Roth IRA? I know the max I can contribute to a Roth IRA is $5000 a year. I am in the US Navy and have a TSP account which I contribute 12 percent too.( I think the TSP counts as a traditional IRA? ) I also have a Roth IRA through eTrade. For the last couple years I've been putting money in both, is this allowd? Thanks in advance for any help you fellow Fools can give.