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I'm new to TMF board and to IRAs. My situation is this: I'm am contributing to a company 401K but my wife is not and we are able now to start her an IRA. Well I've been reading and looking at the new Roth IRA and I think it looks good for us. But I'm in limbo of weather to start a traditional IRA before April to help out on 1997 taxes. Combined income puts us in the 28% tax bracket for 1997. But our income for 1998 probably won't be as much as 1997. ? Shoud I start her off in the traditional IRA and would it be beneficial as far as tax savings for 1997, then after April switch to the Roth IRA?

Before going to sit down with the boring accountant I would like your feedback?

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