Hello, My work has a company sponsored profit sharing plan where they put 15% of my gross wages away per year into a managed fund by them. I don't put and can't add anything to this plan. My question is, can I have a separate IRA ,seeing I'm not able to do anything with this one. I really need a tax break /write off's so an IRA would really help. My Wife has a 401K at her job but we're still getting hit by taxes without many deductions. Thanks for any replies. Randy