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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 $160k

Prior to leaving her employer in March, 2001, my wife contributed to a 401k

She than worked as an independent contractor for her ex-employer and established a SIMPLE IRA

She 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 457

Thanks in advance for your help!!
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