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Yes, you can invest in both an IRA and a 401k (or a Roth 401k and a Roth IRA) at the same time, or any combination of those accounts.
If you also had a Roth IRA and Roth 401k, at retirement your Roth 401k could be rolled over, or combined, with your Roth IRA. The one exception to combining accounts of like-kind is what is called a roth conversion where you transfer tax-deductible retirement account money into a Roth IRA.