Yes, your participation in an employer-sponsored retirement plan will not affect your ability to contribute to a Traditional IRA (assuming age and compensation requirements are met). However, higher-income earners will lose their ability to deduct their Traditional IRA contributions if participating in an employer-sponsored plan. We recommend you consult with a tax advisor. This blog…

You can contribute to a traditional IRA if you earn compensation, and if you will not reach age 70 1/2 by the end of the year.  In 2016, an individual age 49 and below can contribute up to $5,500, and an individual age 50 or above can contribute up to $6,500.  However, you can never…

If you are entitled to receive an eligible rollover distribution from an employer’s retirement plan, you can continue deferring taxes by moving the money into a Traditional IRA.  The best way to do this is to inform your employer’s plan administrator that you want the funds moved directly to your traditional IRA as a direct rollover.