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Mar 3, 2015 at 1:25 comment added user102008 "that the IRS doesn't care that you decided not to participate in the 410K, it was offered therefore they consider that yo are covered by a retirement plan at work." Not true. irs.gov/Retirement-Plans/… says that for a 401k, you are considered "covered" only if contributions or forfeitures were allocated to it.
Jul 1, 2014 at 23:10 history edited mhoran_psprep CC BY-SA 3.0
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Jul 1, 2014 at 23:10 comment added mhoran_psprep Yes I dropped a not
Jul 1, 2014 at 18:47 comment added user102008 "but they are based on if you have a 401K at work." You mean "they are not based on ..."
Jul 1, 2014 at 15:57 comment added littleadv 401k "open seasons" are IRS requirement. I've never heard of a 401k plan without them.
Jul 1, 2014 at 10:17 history answered mhoran_psprep CC BY-SA 3.0