The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  IRAs and Company Pension Plans Date:  8/23/1999  8:51 PM
Author:  jlmanatee Number:  13382 of 90110

No matter how many times I read the excellent Motley Fool IRA articles, I never quite understand one issue. The articles state that I cannot contribute to a traditional deductable IRA if I'm a participant in my company's retirement plan and my AGI is over $40K.
My company provides me with a pension plan, but it is not one in which I may make contributions. We also have no 401K plans or the like, I'm single and my AGI is over $40K Does this make me a participant (in a qualified retirement plan) and therefore unable to invest in a traditional deductable IRA?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us