Help for 401k plan sponsors, retirement professionals, small business, employee and 401(k) rules

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FAQ - ANSWER

If I contribute to my 401k plan, can I still contribute to an IRA?

Answer: "Yes, when you are an active participant in a retirement plan at work, you may still contribute up to the maximum to a traditional IRA but the contributions may not be fully deductible depending upon the level of your income."

 


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