4 ms·
The two aren't related. If you max out a traditional 401k and your income is low enough that you can take the traditional IRA deduction as well. Though that ded
by delecti 11y ago
The two aren't related. If you max out a traditional 401k and your income is low enough that you can take the traditional IRA deduction as well. Though that deduction phases out by $71k/year, which in our field is relatively low.