<< My question is two-fold. First, if my employer puts money into a SEP-IRA for me, does that have any bearing on my limits for investing in my own personal IRA? >>If you (or your spouse) have $2,000 earned income, you can contribute $2,000 to an IRA regardless of what other retirement coverage you have.<< Second, if our (my wife and I) AGI is $90,000, there is no deductibility for us for an IRA at this time? >>Not necessarily. Since you're covered by a plan, your traditional IRA contribution would not be deductible at this AGI level. If your wife is not covered by a plan, hers would be deductible at this AGI level.<< If this is true, is there any benefit in having a standard personal IRA vs. another investment? Would Roth be a better way to go? >>Given the choice between a nondeductible traditional IRA contribution and a Roth contribution, the Roth wins if you meet the AGI limit for making such contributions.TMF ExROPhil Marti
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