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Greetings, Jim, and welcome. You asked:

<<I was laid off this summer from a job where I had
a 401(k) to which I had been making contributions
this year. My job job is with a much smaller
company that offers a SIMPLE IRA. Can I make
contributions this year?>>

Yes, you may. BUT (ain't there always one of those?) -- You must ensure that the combined contribution to both the 401k and the SIMPLE does not exceed $10K for the year. Your new employer has no way of tracking this because he/she has no idea what you've already contributed to the 401k, so you and you alone are responsible for doing so.


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