The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  No-deductible IRA contribution Date:  4/5/2001  3:44 PM
Author:  karisxu Number:  28926 of 88758

If I make a contribution to a regular IRA account and it is not deductible on that year, then I end up pay tax twice on the money - once before I put it in and once when I take it out. Is that right?

If it is right, does it make sense to do it?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us