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Subject:  Re: Better to hold ETF in IRA or outside of it Date:  1/29/2013  7:54 PM
Author:  aj485 Number:  71315 of 78166

Since you have a 401k plan available to you whether you participate or not you are not allowed to claim a tax deduction for contributions to a traditional IRA.

Sorry, that's not correct. There are lower income limitations placed on the deductibility of IRA contributions for those who have a 401(k) or other retirement plan available, whether or not they choose to participate. Details specific to the OP's situation (income level, filing status and spouses' retirement plan availability) can be found in IRS