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Does participation in a SIMPLE IRA plan affect other IRA contributions?

April 26, 2017affect contributions IRA participation Plan simple

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Does participation in a SIMPLE IRA plan affect other IRA contributions?

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Employees who participate in a SIMPLE IRA plan are active participants in an employer-sponsored retirement plan. Ability to contribute to an IRA is not affected. However, the deductibility of Traditional IRA contributions may be affected, depending on income.