4 ms·
No. The income phase outs only apply if you or your spouse is also eligible for a workplace 401k plan. If you don't work somewhere that offers a 401k plan, ther
by psanford 5y ago
No. The income phase outs only apply if you or your spouse is also eligible for a workplace 401k plan. If you don't work somewhere that offers a 401k plan, there is no income level limit for contributing to a traditional IRA.