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<< If my spouse made no money last year, is a contribution to a regular IRA in her name deductible? >>

A contribution to her IRA is fully deductible if your joint AGI is under $150,000.

<< In the event an IRA contribution is not deductible, which is the best course of action: non-deductible IRA, Roth IRA, or no contribution and keep money invested as is. >>

If one qualifies for Roth contributions, I think that's better than the alternatives. Earnings will never be taxed.

If one does not qualify for Roth contributions, it depends a lot on the type of investments you anticipate. If they yield a lot of current income (dividends and short-term cap gains), it's probably better to do it in an IRA. If they're LTBH, it may be better to keep them in a taxable account, where they'll only be taxed when you sell, and then at favored long-term cap gains rates.

Phil Marti
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