I've got a traditional IRA that was established with money from a 403B account from a previous job. Can I contribute to it every year and to a roth IRA?
thx!

You can contribute to either a Roth or regular IRA or even both. However, your maximum annual contribution is for the combination of all IRAs in a specific year.

thank you, are you saying that I can contribute $3000 maximum-not $3000 to both? (for 2002)
thanks again

also, I'm over the limit to deduct the IRA contributions, does that make any difference in what I can contribute?
thx

Roth IRAs have an income limitation/phaseout that depends upon your marital status.

When you hit these ranges, you are in the Roth phaseout: Single 95-110k. Married filing jointly 150-160k. Married filing separately 0-10k.

Above these income levels, you can not contribute to a Roth.

Below these levels (assuming you have sufficient earned income) you can contribute the max amount.