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IF asks:

If you do not qualify for a Roth IRA due to income limitations, is there a good reason to use a traditional IRA? Investing in tax efficient funds, I could almost match the tax-deferred growth of an IRA, yet be taxed at lower rate at withdrawl and avoid the age limits and penalties of an IRA. Is there any benefit of having a traditional IRA that I am missing such as estate planning concerns?

Tax deferral is not the be-all and end-all of investing and net investment growth. You have highlighted one area wherein you might do better than a nondeductible traditional IRA. As long as you do that kind of analysis, you will find it relatively easy to decide what you wish to do.

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