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The max for 2003 is 12k, so you can increase your contrib if you want. However, if you are receiving company match, keep in mind that if you are maxing your contribution, if your income is over $60k, there is a point at which you may hit the max before the end of the year, resulting in a loss of co-match. So you want to adjust your contribution rate to ensure you reach the max $12k the last paycheck of the year so as to ensure a full years' co-match.

As for the IRA, you can have a Roth IRA but not a Traditional IRA (at least not one whose contributions are tax deductible).
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