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Greetings, David, and welcome. You asked:

<<I have an IRA created long ago, before working for a company with a 401k plan. The IRA has much less money but is performing better. Is it possible for me to make any further tax-deductible contributions to the IRA, while contributing to a 401k plan?>>

That depends on your filing status and your adjusted gross income. As a single filer participating in an employer-sponsored qualified reetirement plan, you may make an annual $2K deductible contribution to a traditional IRA if your AGI is $31K or less this year. Between an AGI of $31K and $41K, only part of a $2K contribution is deductlible. None is deductible when your AGI exceeds $41K. The same range for joint filers is $51K to $61K. See our IRA area at http://www.fool.com/Money/AllAboutIRAs/AllAboutIRAs.htm for details.

<<Is it possible to move some of the funds out of the 401k plan to the (traditional) IRA fund?>>

In general, that isn't possible until you leave your job. Some plans, though, do allow an in-service distribution of PART of your account based on your years of participation and age. To see what the terms of your plan are, you must check with your benefits administrator in your Human Resources office.

Regards..Pixy
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