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URL:  http://boards.fool.com/non-deductible-ira-question-11023229.aspx

Subject:  Non-Deductible IRA Question Date:  7/7/1999  5:50 PM
Author:  sequin Number:  17017 of 121144

I have an IRA question...

Here's the situation: my husband & I make too much money for the Roth IRA (tough problem to have ;-), and we're already maxing out our 401k's. We would like to start a couple of non-deductible IRA's. Of course I realize that our $2000 each per year contribution would be after tax.

My question concerns the withdrawals -- assuming we make the withdrawals after age 65 -- are the withdrawals taxed too? If so, it seems as if we're being double taxed. Is this a good investment option for us?

Thanks,
sequin
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