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Traditional IRA

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I would like to purchase a traditional IRA. My husband is covered by a pension plan at his work. I have been working at a temp job for the last six months. It appears we meet the AGI guidelines for me to qualify for tax deductibility. Now my question is: if I am hired by the company where I was temping, say in October or November of this year, and there is a pension plan plus a 401(k) available to me then do I lose the ability to purchase a deductible traditional IRA for this year? Is it possible to prorate the amount I can put into an IRA for the portion of the year I was temping? Any insight will be greatly appreciated.


Senior Member
You can have both an IRA and a 401K at the same time, to their maximums, provided you are within the AGI limitations.


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