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Greetings, Ddeitch, and welcome. You asked:

If I have a Roth IRA and a 401K, can I still open a traditional IRA? How much money do I have to make before I can no longer contribute to the Roth?

Yes, you may contribute to a traditional IRA, but because of your participation in the 401k plan your contribuion might not be deductible. That depends on your filing status and your adjusted gross income. Also, if you intend to contribute to a Roth IRA at the same time you contribute to the traditional IRA, then be aware you may not exceed the maximum dollar amount for the year when using both of them combined. This year that amount is $3,000 for those under the age of 50, and you may split that between as many Roth and/or traditional IRAs as you wish. You just can't exceed the annual limit of $3,000 in total.

Your ability to contribute to a Roth depends again on your filing status and your adjusted gross income. To see those limits as well as those for making a deductible contribution to a traditional IRA, visit our IRA are at or read IRS Publication 590 (Individual Retirement Arrangements) available for download at

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