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Can I contribute to a 401k while receiving a pension? Will my contributions be deductible?
In 2023 I plan to quit work and start collecting my pension. It wont be enough to live on so I plan to work after I quit where I am at right now. The plan is either to take a job with less pay or work as an independent contractor. I want to continue saving for my eventual retirement at 65, so I plan to contribute to a 401k at my future job. I will be over 55 at that point.
Can I contribute to a 401k while receiving a pension?
Will my contributions be tax-deductible?
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‎June 15, 2021
10:31 PM