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Author: mrmeyer Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124147  
Subject: Non-Deductible IRA Date: 2/11/2012 3:20 PM
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I think I ask this every year, and the answer's the same. THe question just keep getting a little different.

I think I'll be ineligible for a Roth IRA. I can't be sure, PWC did my 2010 taxes from an overseas assignment, and there are some tax events in 2011 from that assignment. But let's assume I'm over the limit.

I have a 401k, a traditional IRA, and a Roth IRA. My wife has a couple of small IRAs and a Roth IRA.

Would the simplest thing to do it just contribute the maximum amount to the traditional IRA's even if they're not tax deductible?

I was thinking if I put $6k into a tradition IRA and converted it the same day to a Roth IRA, that would be a worthy goal, but I'm not sure the effort is worthwhile.

And since I probably won't do my taxes for a few more months, but there's no reason to wait to contribute. I can do that today, do my taxes in April showing the non-deductible contribution.
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