I agree with rad that about not doing non-deductible contributions to retirement accounts. First, I find the recordkeeping to be more than I'd like to do. Second, there is nothing magic about having money in an IRA vs. having it in a taxable account. Just because money is in a taxable account does not mean it cannot be used for retirement. I never quite understand why people complain so much about not being able to put money into a specified retirement account other than potential tax deferrals because that money can certainly be saved in a taxable account.I much prefer the flexibility of having money in a taxable account where I can use it for anything, including retirement, and have no restrictions on either access or use. I don't have to wait til I reach any particular age to be able to get to the money, and I don't have to pay a penalty on it if I access it "too early."I do agree that all tax considerations should be taken into account, but I find that people don't always realize that capital gains is taxed lower right now than money coming out of an IRA, which is taxed as ordinary income.
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