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Subject:  Re: IRA understanding Date:  12/8/2007  1:02 PM
Author:  mrparrotfez Number:  97117 of 127746

Interesting, Phil. I didn't realize one could contribute to a TIRA and a Roth in the same year; I thought it was either/or. Many thanks for the information. What we'll do is tell our CPA that we intend to make the max advantageous retirement contribution for both of us this year, and let him tell us what that is once he runs our taxes. (Must hope and pray that the K-1s aren't late.) We are investing some inheritance money so the problem is not affording the contributions, but legally sheltering all possible income from current and future tax.
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