The Best Can I Have Both A Traditional And Roth Ira 2023. With traditional iras, you deduct contributions now and pay taxes on. If you qualify, you should have one of each.
You cannot deduct contributions to a roth ira. In 2023, single filers must earn less than $153,000. If you’re not sure which type of ira would benefit you and your spouse more, speak with a trusted financial advisor.
