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Financial Planning / Tax Strategies


Subject:  Re: Roth IRAs Date:  3/13/2001  3:23 PM
Author:  JAFO31 Number:  48323 of 124773

kmcoz: "Okay, I think I have read too much on IRAs and have confused myself. A contribution to a Roth IRA, which I qualify for, is it a deduction that is taken off the top of my income?"

No, Roth IRA is never deductible under the current rules.

A contribution to a traditional IRA may be deductible depending upon coverage by an employer's plan and your income.

Regards, JAFO

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