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Financial Planning / Tax Strategies


Subject:  Re: Roth and the wage limits again. Date:  1/13/1999  10:25 AM
Author:  WilliamLipp Number:  8333 of 127513

piz Date: 1/13/99 10:14 AM Number: 8332
It's very easy to be eligible to make Roth contributions but not to make traditional IRA contributions. Be careful here - check your AGI and be aware of the other rules that limit or eliminate your contribution amount.

I believe anybody with $2000 or more of income can contribute $2000 to a traditional IRA. I think you are warning that it may not be tax deductible. But the growth will still be tax deferred. I think it makes good sense even if you can't deduct it.
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