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Author: pjohns One star, 50 posts 10+ Year Anniversary! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 294  
Subject: IRA Deductibility Date: 7/17/2000 8:25 PM
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Does participation in a company-sponsored retirement plan, such as a 401(k), affect the tax-deductible status of one's traditional IRA? How about the IRA of one's spouse?

Thanks.
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Author: TMFBofa Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 62 of 294
Subject: Re: IRA Deductibility Date: 11/15/2000 7:00 PM
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Hey pjohns:

It is not actually your participation in one; it is the existence of one that matters. The way it breaks down is this:

If you work at a company where a plan is available (even if you don't participate), cetain income limits kick in that might affect the deductibility.

If your work has no plan available to you, there is no income limit on deductibility.

Hope this helps!

Bofa

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