But the real question is not should I switch but: Do I start the new year by beginning a new Roth or continue contributing my 2K early January in the regular NON-deductible?By opening a Roth IRA account and putting next year's money in it, when you make qualified withdrawals from the Roth IRA they will be completely tax free.On the other hand, when you make non-deductable contributions to a Traditional IRA, when you make withdrawals, the part of the withdrawal corresponding to the earnings will be taxed at your ordinary income tax rates at that time.So if you do not qualify for deductable contributions to a Traditional IRA, but you do qualify for contributions to a Roth IRA, the Roth IRA would make more sense than a non-deductable Traditional IRA.This is separate issue from whether or not to convert an existing IRA to a Roth IRA.
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