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Financial Planning / Foolish 401(k)s

URL:  https://boards.fool.com/the-dreamer-your-statement-ltwell-you-cant-18008049.aspx

Subject:  Re: 401k and/or IRA Date:  10/17/2002  1:56 PM
Author:  vkg Number:  15427 of 26276

The Dreamer

Your statement:
<Well, you can't deduct the contribution to a traditional IRA, if your participating in a 401k.>

is not completely correct.

The income limits for a deductible IRA are very low if eligible for a 401K. It is eligibility not participation that changes the income limits. It is still possible she would be eligible to make deductible contributions.

Debra
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