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Author: ushats One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72252  
Subject: make too much for IRA Date: 2/19/2012 2:41 PM
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Hi, I made too much and have a 403 at work and hence cannot contribute to IRA. however, I heard that I can contribute to IRA but not take the tax benefit ( have to submit some specific form to IRS)but soon after convert the IRA to Roth.
Can anyone help me? is what I heard correct?
I thought I can put $5000 in an IRA and use it to invest in dividend stocks for the long term.
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