I am trying to find out if I contribute the max to my SIMPLE IRA can I still contribute the max to my Roth IRA as long as my joint reported income does not exceed the $150,000 limit? Can I even contribute anything to the Roth if I max out my dollars to the SIMPLE? My accountant tells me no to both questions, my investment advisor tells me that I sure can.
I have removed my 2001 Roth funds because of the accountant's advise (at a loss of course) and now don't know what to believe. Any body know for sure the scoop on this stuff?
Thanks