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UPS Retirement Topics
New Driver questions 401k/pension
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<blockquote data-quote="Dfigtree" data-source="post: 163394" data-attributes="member: 5050"><p><strong>From: </strong>IRA Eligibility & Deductibility</p><p><strong>Traditional IRA</strong></p><p>Everyone under age 70½, with earned income, is eligible to contribute to a Traditional IRA — there's no income limit. </p><p></p><p>From IRS.GOV: <a href="http://www.irs.gov/taxtopics/tc451.html" target="_blank">Tax Topics - Topic 451 Individual Retirement Arrangements (IRAs)</a></p><p>If you, your spouse, or both of you are covered by a qualified retirement plan, your IRA deduction may be reduced or eliminated, depending on the amount of your Modified Adjusted Gross Income and your filing status.</p><p></p><p>Or read this one from Investopedia.Com:</p><p><a href="http://www.investopedia.com/articles/retirement/05/032305.asp" target="_blank">Are You an Active Participant?</a></p></blockquote><p></p>
[QUOTE="Dfigtree, post: 163394, member: 5050"] [B]From: [/B]IRA Eligibility & Deductibility [B]Traditional IRA[/B] Everyone under age 70½, with earned income, is eligible to contribute to a Traditional IRA — there's no income limit. From IRS.GOV: [URL='http://www.irs.gov/taxtopics/tc451.html']Tax Topics - Topic 451 Individual Retirement Arrangements (IRAs)[/URL] If you, your spouse, or both of you are covered by a qualified retirement plan, your IRA deduction may be reduced or eliminated, depending on the amount of your Modified Adjusted Gross Income and your filing status. Or read this one from Investopedia.Com: [URL='http://www.investopedia.com/articles/retirement/05/032305.asp']Are You an Active Participant?[/URL] [/QUOTE]
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