Can a 401-K participant also contribute to a traditional or Roth IRA i

[Guest Carl C]

I've contributed last year to our new 401-K. I'm filing single (not married), gross income $50K, adjusted $31K. Is it allowable to also contribute to my existing Traditional or Roth IRA (would like to put $2k in either IRA before I file, for TY-2000)?

Carl

[Guest]

yes. since your income is not > 100,000 (I think Roth is somewhere around there) you can do a Roth.

for the traditional IRA, see your tax form for amount of deductibility. its page 28 of the 1040, would be a different page for whatever other form you are using.