The Motley Fool Discussion Boards	Previous Page
Investing/Strategies / Retirement Investing
URL: http://boards.fool.com/greetings-wsgrunt-and-welcome-you-asked-i-will-13977794.aspx
Subject: Re: Roth IRA appropriate?	Date: 12/27/2000 12:39 PM
Author: TMFPixy	Number: 26808 of 72254
Greetings, WSGrunt, and welcome. You asked: I will be making more than the limit allowing me to deduct the contribution to a traditional IRA this year. I would like to know if, under these circumstances, a Roth IRA is the best way to go. Since I would have no deduction for a traditional IRA, doesn't a Roth make the most sense? At least I would get a tax benefit after I retire. Any other possibilities? I apologize if this has been asked a thousand times. Award yourself a gold star for Foolish thinking. You are correct that when all you can make is a nondeductible contribution to an IRA, then that contribution should be to a Roth IRA, assuming you meet the AGI limits for your filing status to make such a contribution. Ultimately, you may take everything from a Roth IRA totally free of income taxes. In the traditional, the earnings would be taxed. Regards..Pixy
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us