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Greetings, ldbktg, and welcome. You asked:

I have that same question. If I DO participate in a qualified employer sponsored retirement plan I can ALSO make a **tax deductible** contribution to a traditional IRA (so long as my AGI is not too high)??? Can it be?

Yes, it can be. If you are a single filer who participates in a qualified retirement plan at work, you may still make a fully deductible contribution to a traditional IRA provided your adjusted gross income this year is $34,000 or less. Between an AGI of $34K and $44K, you may make a partially deductible contribution. Above $44K, no deduction is allowed. The phase-out range for those who are married and file jointly is $54,000 - $64,000 this year.

For full details, see our IRA area at http://www.fool.com/money/allaboutiras/allaboutiras.htm and IRS Publication 590 (Individual Retirement Arrangements) available for download at http://www.irs.ustreas.gov/forms_pubs/pubs.html.

Regards..Pixy
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