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http://boards.fool.com/my-household-income-prevents-me-from-contributing-21800085.aspx
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| Subject: Re: Some advice please | Date: 12/23/2004 2:30 PM | |
| Author: MaryGoodnight | Number: 43694 of 72499 | |
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My household income prevents me from contributing to my Roth IA, but I have a 401K and a Traditional IRA. I make non-deductible contributions into into the IRA (Not deductible because I already have the 401k -you're not allowed to deduct both). Since you don't have a 401K - your contributions to your traditional IRA should be deductible. MG |
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