Can you max out both a 401k and a Traditional IRA @ TigerDroppings.com

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May 25, 2013

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TheWiz LSU Fan NOLA Member since Aug 2007 6528 posts	Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 1:16 pm) within the same year?
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LSUcam LSU Fan Destin FL Member since Dec 2011 381 posts	re: Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 1:20 pm to TheWiz) 17.5k to 401k and 5k, (or 6k if your 50), given that you have the earned income to show for the contribution. Yes you can max out both each year. **edit.. the 17.5k is for 2013. I beleive it's 17k for 2012. This post was edited on 12/7 at 1:21 pm
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PhillyTide Alabama Fan Philly Member since Oct 2011 151 posts	re: Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 1:25 pm to TheWiz) There is an income limit (like 150k) for the Traditional IRA. After a certain amount, the contributions are not deductible.
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gatorsimz Florida Fan cafe risque Member since Feb 2009 5237 posts	re: Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 1:26 pm to TheWiz) Yep. 5k max between traditional and Roth though
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TheWiz LSU Fan NOLA Member since Aug 2007 6528 posts	re: Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 1:27 pm to gatorsimz) We're still eligible for our Roths for about another 4-5 years.
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foshizzle LSU Fan Member since Mar 2008 25156 posts Online	re: Can you max out both a 401k and a Traditional IRA (Posted on 12/7/12 at 2:26 pm to TheWiz) Absolutely. Although if you are maxing your 401 I suggest maxing a Roth instead.
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