Solved: Husband is 56 years old and contributes to 401(k) can he also contribute to traditional ira?
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Husband is 56 years old and contributes to 401(k) can he also contribute to traditional ira?

 
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Husband is 56 years old and contributes to 401(k) can he also contribute to traditional ira?

Yes, he can, but the real question is whether his traditional IRA contribution is deductible or not.  See the following to determine that:

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...


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Level 6

Husband is 56 years old and contributes to 401(k) can he also contribute to traditional ira?

Yes, he can, but the real question is whether his traditional IRA contribution is deductible or not.  See the following to determine that:

https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-l...


View solution in original post

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