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IRA contribution in Retirement
I'm still working and m
y wife is retired and receiving a pension from Calpers. I just finished my taxes and Turbo tax is saying she can contribute to an IRA. Is this correct?
Yes, she can contribute to a traditional IRA (a spousal contribution supported by your compensation), but the contribution may or may not be deductible depending on whether you are covered by a workplace retirement plan and your modified AGI for the purpose.
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