Solved: Yes, he can, but the real question is whether his ...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Get the latest tax filing updates.
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

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

 
1 Best answer

Accepted Solutions
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

1 Reply
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

v
Privacy Settings