IRA contributions
If a client puts 10,000 into his 401k at work can he still contribute to a traditional IRA or a Roth?
Client may have income too high for regular Roth contributions or deductible TIRA contributions, although there is no longer an income limit to convert to a Roth IRA. Client could also make a non deductible TIRA contribution and then convert it to a Roth.
Permalink Submitted by Aryn Sands on Tue, 2010-03-30 19:57
yes.
However, deductiblity is up for grabs.
http://taxtime.about.com/b/2009/02/23/deducting-contributions-to-an-ira.htm