answersLogoWhite

0


Best Answer

I don't see why not. It's your money and you can do whatever you want with it. It will not affect your Profit Sharing.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If a person has a profit sharing plan at work can they still contribute to an IRA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you still get profit sharing after you quit your job?

Depends if your company WANTS to give it to you.....and usually they take their sweet time getting it to you...sad there is no law to back up the "common" man....


How much can a person make in a year and still be able to contribute to an IRA?

You can obtain easy-to-read income limits at the link provided below.


What nation still operates as an autocracy?

North Korea and Zimbabwe both do. There is the pretence of elections and power sharing in Zimbabwe but any sensible person can see it for a cruel sham.


Why is the assumption of profit maximization still a powerful driving force for many organizations?

Why is the assumption of profit maximization still a powerful driving force for many organizations?


Has Morrisons made a profit?

Over the years, Morrisons must have made a profit, or it would not still be in business.


How do you get rid of your member items on runescape if I'm a non member but still get a profit out of it?

I think you can alch it and get profit.


What do Jews believe about sharing their faith?

Jews believe that everyone has a right to make a choice in their beliefs. they believe they are right but still accept a person with any back round of belief.


What are the controversies surrounding tattoos?

The U.S. Presidency is still considered to be a dignified position (ahem), so tattoos are still an inappropriate art form for a person is such a position. However, they are not prohibited by the Constitution, and they do not contribute to global warming.


What did the latins contribute to the Romans?

The Romans were (and still are) Latins.


Why was wine produced?

Wine is still produced for fun... and profit!


Explain how a business can earn a positive gross profit on its sales and still have a net loss?

A business can earn a positive gross profit on its sales and still have a net loss. The gross profit is simply the sales minus cost of goods sold. If the gross profit is less than expenditure, it will result into a net loss.


Can a CEO and CFO legally be the same person in a public corporation?

I Beleive not, however they can still contribute to the financial work but legally someone elses name will be down in the CFO position