Rudolph is a town in Wood County, Wisconsin, in the United States. As of the 2000 census, the town population was 1,161. The Village of Rudolph is located within the town.
If you (or your spouse, if applicable) are covered by an employer retirement plan, you can still make contributions to a traditional IRA, but depending on your income, they may qualify as partially tax-deductible or totally non-tax-deductible IRA contributions. Details are provided at irs.gov:
The principal and earnings in a traditional deductible IRA are not taxed until. you withdraw them. However, because a traditional IRA is a tax-favored. means of saving for your retirement, there are rules limiting the withdrawal. and use of your IRA assets. Violation of the rules typically results in additional. taxes in the year of violation. Generally, withdrawals before age 59Â½ are subject to a 10% early with-.