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The genesis of this idea stemmed from the fact that you are holding a basket of specific individual assets all for income generating purposes, i.e. preferred shares, REIT's, etc. It would be nice to not pay annual taxes on this income, being held in a retirement account. However most generic PSP's are rather limited in their scope of options.

Given that, any input appreciate on these scenario:

You do NOT qualify for either ROTH or Traditional IRA due to MAGI. However you still can put $5K into a Traditional IRA without any deduction to income, for the objective of obtaining annual tax free growth.

>>>How does this play out decades later when the money starts coming out. It sounds like it would be taxed again. And should you NOT combine non-deducted traditiona IRA income like in this scenario with an existing IRA account that already has qualified income deducted contributions from previous years?

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