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[quote=Anonymous]Hi Everyone: So DH and I have HHI of about $250k. We both work and contribute to the max for our 401k. However, I was wondering if we could also contribute to a traditional IRA. I know that the max is $5,500 each. So could DH and I both contribute in addition to our 401k, additional $11k to our traditional IRA? Is that possible? This would decrease our taxable income and we do need to contribute more to our retirement since I was a stay at home mom for a bit. Would love to get feedback. Thanks[/quote]
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