If you're eligible for an IRA, you can open one (or contribute to an exisitng one) for 2013 if you do it by April 15. However, you can only put the max IRA contriubtion in ($5500, I believe), not the $17,000 that you didn't put in the 401(k).

Hi All,

I have changed my job in 2013 and my new job did not had 401k. For 2013 I have contributed only around 3k through mu old employer, and and still have enough room to meet 2013 401k limit( ~ 17k).

Can I open a traditional IRA for 2013 and contribute to it ? if not is there a different option through which I can contribute to 401k for 2013 to minimize my taxable income ?

Thx in advance for your input

mk