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IRA eligibility
I retired at age 60 in 2018. In 2019, I collected income from nonqualified deferred compensation, exercising of nonstatutory stock options, and consulting fees. I can't contribute to a retirement plan at my former employer, but Box 13 on the W2 for the stock options is checked under Retirement plan because I am covered by the employer's pension plan that will start when I am 65. I want to contribute to a Traditional IRA. Are there any income limitations due to Box 13 being checked preventing deductibility?
‎February 1, 2020
6:30 AM