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Can I also contribute to an IRA?

Yes. Your participation in a 401(k) plan has no impact on your ability to contribute to an IRA (Roth or traditional). You can contribute up to $5,500 to an IRA in 2017, $6,500 if you’re age 50 or older (or, if less, 100% of your taxable compensation). Depending on your salary level, however, your ability to make deductible contributions to a traditional IRA may be limited if you participate in a 401(k) plan.