Roblaw
New Member

Traditional IRA and 401k

I stopped contributing to my 401K Oct 2023. Can I still contribute to a traditional IRA to lower my taxable income? I've read that if you have a 401k there are income limits at which I cannot contribute to an IRA. I am above that limit but thought since I had 3 months in 2023 of not contributing to the 401K there might be a loophole.