Hi Everyone,Because I have always had an employer-funded pension plan, I was always told that I did not qualify for regular IRA deductions.Now, with the Roth IRA, it appears that my new wife and I (I'm 34, by the way) could finally start a retirement-specific account. But I have one major question.It says that the Joint-filer AGI limit is 150K, with the phase out being 150-160K. While we don't currently make quite that much, it shouldn't be more than 2 or 3 years before our AGI passes those limits.What happens when people make any number of years of contributions to a Roth IRA, but eventually pass through the AGI limits? I would assume that no contributions can be made in any year where they have too much AGI, but what about their previous contributions? Do they continue to be treated as before, until they are finally withdrawn according to the plan? And what about cases where a person or couple's AGI breaks the limit sporadically, changing from year to year. That could be the case with us.I'd love any help on this.Thanks,MercyMe
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