The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Roth IRA contribution or IRA contrib?||Date: 12/14/1999 1:30 PM|
|Author: kartha1||Number: 23079 of 121594|
<1. I will hit the AGI upper limit for joint filing and thus not qualify for the Roth IRA contribution. Can I still contribute to a non-deductible IRA? <
<Yes. You can always choose to contribute up to $2000 to a non-deductible IRA. >
A followup question is whether I can convert back and forth between regular non-deductible IRA to Roth-IRA accounts as my AGI permits in a given year. By doing so:
a. Is there any advantage?
b. any loss in conversion
c. hastles in the process?
Any pointers appreciated.
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