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Subject:  nondeductible IRA - Useless? Date:  12/21/2004  1:58 PM
Author:  jesserivera67 Number:  43664 of 88104

I opened a nondeductible IRA a while back and already put in my funds for the year way back in January. As I prep for 2005 I don't see any reason to keep adding stock funds to this IRA. Bond funds would be okay. They're all at Vanguard so the price is right.

Am I right in saying that this vehicle is passe' for all intents and purposes as long as it is not deductible and with respect to stock funds? With long term capital gains at 15%, why would I want to pay up to 35% later when I pull the money out? Just wondering if I should just dump into the appropriate index funds as I don't see why anyone would put any money into an IRA if they couldn't deduct it at this point.

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