Are my wife and I eligible to contribute to a Traditonal IRA? I realize that it is not deductable, but I still would like to contribute.My accountant is unsure because of several factors:My wife an I have an AGI of over $160kPrior to leaving her employer in March, 2001, my wife contributed to a 401kShe than worked as an independent contractor for her ex-employer and established a SIMPLE IRAShe then started her own corp, and we both contributed to SIMPLE IRA's (for a total of three SIMPLE IRA's)Through my employer, I participate in a pension plan, and also contributed to a 401k and 457Yes, I believe you can. A traditional IRA is available to almost anyone. The income limits along with the 401k contributions makes it non-deductible. The SIMPLE is also considered an employer sponsored retirement plan and doesn't take away the IRA. The 457 plan doesn't affect it at all.
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