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Mepiper asks:

<<...for a IRA if you have a 401 with employer? No employer pension. My friend's 401 is terrible and would like to only put minimume to cover match. I told her I would ask THE FOOLS (I need backup) because I know I can depend on you to give us the straight scoop.>>

Anyone under the age of 70 1/2 with earned income can always make a contribution to a traditional IRA. The only question becomes is it deductible or not. Someone covered by an employer's retirement plan must meet certain adjusted gross income requirements to deduct the contribution. This year for a single filer, the whole $2K may be deducted when AGI is $32K or less; part when AGI is between $32K and $42K; and nothing when AGI is more than $42K. The phase-out range for joint filers is $52K to $62K. For more details, see our IRA area at

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