My company is giving us SIMPLE IRA. Can we enjoy SIMPLE IRA and Traditional IRA at like time?
Answers:
"Employees next to SIMPLE-IRAs can also invest in regular IRAs, giving you another opportunity to free for your retirement."
SIMPLE-IRAs be created to allow small business to volunteer retirement plans short closely of regulatory burden. Like any plan at work, they don't preclude a contribution to an outside IRA. However, you are still subject to the income confines for your contributions.
a simple IRA is indistinguishable as a traditional IRA the singular other type is a ROTH IRA.