GreyhoundFool writes (in part):At the rate of our salary increases, our AGI this year would allow us to contribute to a Roth and maybe will next year, as well but probably not the following year. It does not seem to make sense to start a Roth for a couple of years only to have to start a traditional one in a couple of years but am I missing something?I reply:I think so, or perhaps I am. I don't see any real downside to opening the Roth, even if you can only contribute to it for a couple of years, and in fact that's what my wife and I have done. That's particularly true if your traditional IRA contributions would be non-deductible; in that case, selecting the Roth IRA is pretty much a no-brainer. --Bob
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