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Frequently Asked Question

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."

This is for educational purposes only. The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan.


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