Are self-directed IRAs available to people who have a retirement account through their employer?

Are self-directed IRAs available to people who have a retirement account through their employer?
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1 Answer

Answer :

IRA's are available to anyone with an earned income. A traditional IRA does not have any income limitations unlike the Roth IRA which phases out its benefits for those making high incomes. Many people choose to contribute to their 401k plan with their employer up to the company match and then contribute to an IRA to gain access to additional investment options.
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