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http://boards.fool.com/actually-you-can-participate-in-a-traditional-ira-11210194.aspx
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| Subject: Re: Roth | Date: 8/31/1999 12:37 PM | |
| Author: zorloc | Number: 13556 of 72264 | |
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Actually you can participate in a traditional IRA, you just cannot take a deduction on your taxes. You will need to recharacterize the contribution from a Roth to a Traditional IRA. Thus you will pay taxes on the contribution, but it will remain within the T.IRA. jbw |
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