Your contributions to your employer-sponsored retirement savings plan may still enable you to open or contribute to either a Roth or traditional individual retirement account (IRA).
However, your (or your spouse’s) participation in an employer-sponsored plan may affect your ability to deduct traditional IRA contributions and your eligibility for a Roth IRA.
Eligibility and deductions are phased-out based on your income and your filing status. (Roth IRA contributions are never tax deductible).
More tax-advantaged account contributions will enable you to accumulate more wealth!
Check with you tax advisor to verify your eligibility.
Investment Advisor Representative offering advisory services and securities through Cetera Advisor Networks LLC, a Broker-Dealer and Registered Investment Advisor, Member FINRA/SIPC. Cetera is under separate ownership from any other named entity.