IRA and 403b contribution

[tmolin]

I work at a company where I contribute to a company offered 403b.  My wife works but does not have a company 401k or 403b.  Can we both contribute to an IRA?  Are there contribution limits?  I don't want to over contribute and get hit with a penalty.

[LudwigVan_fan]

Here is a link to Publication 590-A; Contributions to IRAs

This should answer your questions.  It will give limits etc.  Page 13 has a table that lists limits if you or your spouse have a retirement plan with an employer.  Be sure to keep reading though and not rely solely on Table 1-2

https://www.irs.gov/pub/irs-pdf/p590a.pdf

[tmolin]

Thanks for the link and pointing me to the answer.  I was searching some document and this is it.  Again, thank you.