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Author: sazani Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76395  
Subject: Re: Nondeductible IRA or taxable account ? Date: 12/21/2005 2:01 PM
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I'd like to see other posters chime in here because I have my own quirks about "freedom of funds". Investing in a non-tax-deductible IRA in your situation is, IMHO, not a good idea.

You'll get the tax deferred compounding, but the restrictions on your money in the IRA, IMHO, is not worth the tax-deferrence.

I suggest investing in an aftertax account. Keep your investments "tax-efficient" by either in index funds or buying and holding a diversified portfolio of individual stocks and keeping the trading to an absolute minimum.
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