I contribute about 12% of my income to 401(k) which comes to about 15000 a year or so. My employer doesn't match anything due to nature of the contract.
I have been investing in 401(k) since 2012. I've since switched jobs a couple of times and rolled previous 401(k)s over into a Vanguard IRA.
I invest in stocks in this IRA. Since there is a lot of buying opportunity presenting itself now and I envision in the near future as well, can I put more money from my personal bank account into this IRA? Would that be tax deductible or how would that work? Is it even possible to contribute to an IRA when I have a 401(k)?