Am I considered covered by a retirement plan, if I receive a distribution from a job from which I am retired? in other words, I receive my monthly pension, but I am retired and no longer make a contribution to that pension..
I currently work 2 part time jobs which have no retirement plans. I want to open and contribute to a traditional IRA from the monies I earned from my current jobs.. Can I take a deduction on my taxes? Does the retirement distribution I receive (see above) make me an active or covered member, or am I not covered and inactive?