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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76111  
Subject: Re: New 2002 Roth Contributions Date: 1/6/2002 4:10 PM
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I just found out today that Californians, at this point, do not qualify because of state laws

We should clarify - Californians can still contribute to the Federal limits. But at this point, it looks like they will not be able to deduct on their state return the increased amount of traditional IRA contributions (or the increases to 401k, 403b, and other qualified plans).

As I pointed out a dozen or so posts back, there are still 359 days (as of today) for the state legislature to amend their ways. They have made retroactive tax cuts in the past, and will likely do so again in the future. Whether they do this time is anyone's guess.

--Peter
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