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Re:Investing for Geeks by BHSPitMonkey on Friday September 16, 2016 @04:49PM (#12517227)
> If you have a 401k at work, contributions for IRAs start phasing out at lower income than Roth IRAs

Can you link to a source for this? I was not under the impression that IRA contribution income limits were impacted by whether or not you also have a 401k at work.

Re:Investing for Geeks by jcdavis on Friday September 16, 2016 @05:12PM (#12517396)
Wikipedia has the tables listed: https://en.wikipedia.org/wiki/Traditional_IRA#Income_limits

Note that really its not a real contribution limitation, just a phase out of the contributions being tax deductible, which is most of the point of using an IRA

Re:Investing for Geeks by BHSPitMonkey on Tuesday September 20, 2016 @02:37PM (#12542036)
I still don't see what that has to do with additionally having a 401k, though. Where is the stipulation that having a 401k affects your phase-out for Traditional IRA deductions?
Re:Investing for Geeks by jcdavis on Tuesday September 20, 2016 @04:34PM (#12543121)
From that wikipedia article: "If a taxpayer's household is covered by one or more employer-sponsored retirement plans, then the deductibility of traditional IRA contributions are phased out as specified income levels are reached (Modified Adjusted Gross Income is between)."

There is no deduction phase out if you don't have a 401k available through work, but that is not the common case