Working for a private company this year is the first W2 job I have had since retirement some many years ago so it will present a sizable bump up in our income this year and perhaps in the immediate following year. Both my wife and I are retired on and collecting US Government pensions. Me OPM and her OPM and Social Security. I was investigating opening both an IRA for me (age 72) and a spousal IRA for her (age 66) for tax sheltering purposes under the 2019 changes in law. I do understand that my eligibility to DEDUCT an IRA contribution is based on our Modified Adjusted Gross Income AND whether I or my spouse is covered by a workplace retirement plan. My current employer does not have a workplace retirement plan. BUT THE PART I DO NOT UNDERSTAND IS: DO OUR RETIREMENT PENSIONS THAT WE ARE COLLECTING FALL UNDER THE DEFINITION OF "COVERED BY A WORKPLACE RETIREMENT PLAN" WITH RESPECT TO ELIGIBILITY FOR A IRA DEDUCTION AND AMOUNT?
