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Originally Posted by meaghanchan
You are allowed to have, in addition to your retirement account at work, an IRA and a Roth IRA, though I don't think (double-check on this) you can contribute to both in the same year. You can contribute up to $4,000 per year ($5,000 if you're over 50) to either a Roth IRA or a traditional IRA.
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You can contribute up to $4000 per year. It could divided between a traditional and roth ira accounts. I personally would put it all in the Roth...tax free in retirement!!