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New Member
posted Jun 1, 2019 1:17:30 AM

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

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1 Best answer
Level 9
Jun 1, 2019 1:17:32 AM

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...


1 Replies
Level 9
Jun 1, 2019 1:17:32 AM

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...