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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76095  
Subject: Re: Diff between 401K,regular IRA, brokerage acc Date: 4/1/2008 11:56 AM
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My point was to keep all after tax IRA contributions in a separate account so tracking after tax contributions is simple rather than trying to track them if mixed in with a pre tax IRA. That is an accounting nightmare.

And my point was that you are wrong in that thinking.

When you make a non-deductible IRA contribution, you must file Form 8606 with your tax return. Keep that form permanently (or until all of your traditional IRAs are drained), and you've done all the tracking you need.

A separate IRA account does nothing to help track your non-deductible IRA contributions.

--Peter
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