I have a 2003 EE bond at a current rate 1.5%. Would it make sense to cash it in to put in a Roth IRA? If I understand correctly, I would be able to take a retirement savings contribution credit on form 8880 for up to $2000 (depending on 1040 adjusted gross income).Thanks!Cheryl Usually, if one is tapping the retirement savings contribution credit, a traditional IRA makes moresense than a Roth IRA. The retirement savings contribution credit is $1000/person. So $2000 if filing jointly.http://www.irs.gov/newsroom/article/0,,id=107686,00.htmlFor the tax pros, can a couple file jointly but only one IRA account be funded?
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