Money Matters: Making sense of the 2015 limits for IRA contributions

Money Matters: Making sense of the 2015 limits for IRA contributions

Q. Can I make a tax deductible IRA contribution of $5,000 for 2015 if I contributed to a 401(k)? What about a Roth IRA contribution? I know that won't reduce my taxes but it seems like a good move for my future. If I can do both does that make sense

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