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URL:  http://boards.fool.com/you-are-allowed-to-put-3000-3500-if-you-are-old-20435787.aspx

Subject:  Re: Non-Deductible IRA contributions Date:  3/4/2004  7:21 PM
Author:  Crosenfield Number:  39689 of 75340

You are allowed to put $3000, $3500 if you are old enough, into IRAs. You can divide that money among traditional IRAs and Roths in any manner you see fit.
If your income level makes you eligible for a Roth, that's almost surely the better choice, meaning you can't put money into a traditional IRA UNLESS you have self-employment income and have a SEP-IRA.
Best wishes, Chris
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