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Subject:  Re: Honest IRA/Roth Comparisons Date:  3/30/1998  1:34 AM
Author:  Pooksterish Number:  2491 of 78168


I have to disagree also. You say:

<<You _are_ missing the boat. Most people who can afford to contribute to an IRA cannot make
deductible contributions. It's that simple. If you are covered by any kind of a retirement account by
an employer, you can't deduct the money you put into your IRA. And if you are making so much
money that you can afford to put away $2000 (or $4000) per year, your skills are probably in such
demand that employers offer benefits like a retirement plan.
We mostly dismiss a deductible IRA for pretty much the same reason we don't discuss the 10%
long term capital gains rate. The only people it applies to are those people for whom it doesn't
matter, because they can't afford to take advantage of