Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
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.

Debra
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.