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A comment on Investing for Geeks. Parent comment

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

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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?
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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

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