No. of Recommendations: 0
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
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.