Skip to Content

I am 39 years old, and eligible to make a contribution of up to $ 2,000 to a Roth IRA. Can I contribute the difference to a Traditional IRA?

Last Updated April 2, 2009

Question: 

I am 39 years old, and eligible to make a contribution of up to $ 2,000 to a Roth IRA. Can I contribute the difference to a Traditional IRA?

Answer: 

Yes. You may contribute the difference of $3,000 ($5,000- $2,000) to your Traditional IRA. In fact, many individuals split their IRA contributions between both types of IRAs, so as to receive the benefits of both types of IRAs, i.e. the deductibility for the Traditional IRA contribution- if eligible, and the potential tax-free growth of the Roth IRA. ( This is the limit for 2008 and 2009)