Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I have an IRA question...

Here's the situation: my husband & I make too much money for the Roth IRA (tough problem to have ;-), and we're already maxing out our 401k's. We would like to start a couple of non-deductible IRA's. Of course I realize that our $2000 each per year contribution would be after tax.

My question concerns the withdrawals -- assuming we make the withdrawals after age 65 -- are the withdrawals taxed too? If so, it seems as if we're being double taxed. Is this a good investment option for us?

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.