contrbute to roth while having normal ira

[ketanco]

i have a roth ira which i will contribute now. i am doing my taxes now. i also rolled over a 401k from a previous employer to a new normal ira last year,

i want to contribute everything i can to my roth ira for 2014. does my new normal ira affect this contribution as far as the amount or paperwork? i already took care of paperwork of rolling over from 401k to normal ira

[CCAdamson]

Shouldn't affect it, they are two different things.

You rolled over into the traditional IRA and now that just sits and earns money. You are actively investing in the Roth IRA (I'll assume you don't exceed the earnings limitations for a Roth), feed your Roth the max you can (up to $5500 unless your over 50).