No. of Recommendations: 0
My wife and I are ineligible for a Roth IRA due to our income and we are ineligible to contribute to a deductible traditional IRA. Is there value in contributing to a non-deductible IRA?

1) tax deferred growth
2) Ability to eventually convert to Roth IRA once the government allows this (is this expected? are there catches?).

1) it's not tax free
2) I don't expect to be in a lower tax bracket after retirement (I don't buy into that argument since it basically suggests failure)
3) No flexibility to use that money if a better investment arises (i.e. investment property)
4) no current tax benefits

What are folks' thoughts on this? I've been debating it for some time now.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.