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Roth eligibility
Old 03-30-2007, 09:11 PM   #1
Confused about dryer sheets
Join Date: Feb 2007
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Roth eligibility

Long time lurker with a question, Does participation in a state sponsored pension plan perclude you from contributing to a Roth Ira if you meet the AGI limits?

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Re: Roth eligibility
Old 03-30-2007, 11:27 PM   #2
Full time employment: Posting here.
Join Date: Jul 2004
Posts: 507
Re: Roth eligibility

The ability to contribute to a Roth has no connection to the type of retirement plan you have at work. The guidelines for a Roth are a simply a function of your AGI.

I'm wondering if you are confusing the ability to contribute to a Roth with the ability to deduct contributions to a traditional IRA. Now THAT is dependent on whether you have an employer-sponsored plan. If you do, then there are income limitations for the deductibility. The state sponsored plan almost assuredly will figure in your ability to deduct the contributions to a Traditional IRA.
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