403(b) / 457(b) Contributions: Can I contribute to both my employer sponsored Roth 403(b) and a Roth IRA?

Yes. The IRS allows you to contribute up to $25,000 to your 401(k), 403(b) or governmental 457(b) plan ($19,000 regular and $6,000 catch-up contributions if you will be at least 50 years old by the end of the tax year, (based on 2019 contribution limits) and you can also contribute up to $7,000 to a Roth IRA ($6,000 regular and $1,000 catch-up IRA contributions.

Tax Deferred Solutions recommends you speak with a financial adviser regarding your investment options and the tax consequences associated with your investment.

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