The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: IRA understanding||Date: 12/8/2007 11:21 AM|
|Author: TMFPMarti||Number: 97109 of 122304|
I looked this up. It appears that we are in that neck of the woods where we can almost certainly take a partial deduction, but a full deduction is in question, thanks to me having a good year this year with the pen.
I looked [Roth limits] up too. Since we're in the partial realm on Chapter 1, we're well below the boundary on Chapter 2.
Something got muddled here, either in your reading or in the translation.
Your traditional phaseout range and both your Roth phaseout ranges are the same. (Your wife's traditional phaseout range is lower than yours.)
If you don't feel comfortable posting actual numbers in this venue, feel free to e-mail me a response and I'll take a look.
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