The Motley Fool Discussion Boards

Previous Page

Financial Planning / Foolish 401(k)s


Subject:  Re: 401k and/or IRA Date:  10/17/2002  1:56 PM
Author:  vkg Number:  15427 of 26295

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.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us