ville1 asked in part:i am participating in a 457 deferred comp. with my employer where i make all contributions approximately 4000 year. if invest in ira for $2000 year, is the amount also deducted if income is approx. $55000 year?If you're asking if your contribution to the IRA can be deductable, if you're filing status is single with $55000 agi, no. If married filing joint partially. For a better explanation, check the Fools All About IRAs section. Here's the link. http://www.fool.com/money/allaboutiras/allaboutiras01.htmHTHRick
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