The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  IRA question Date:  3/3/2000  4:05 PM
Author:  hgraylin2 Number:  19773 of 88826

I'm going to open two Roth IRAs, one for me and one for the wife. Our AGI prevents us from deducting any traditonal IRA contributions, which is why we're going with the Roth.

My concern is with the future. If our AGI increases to the point where we can no longer make Roth contributions, can I then open a nondeductible IRA and continue to invest the $2K per account into it? If I can, is the nondeductible IRA amount taxed when I begin to make withdrawls?

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us