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"Keep in mind that you probably won't be able to deduct money going into a traditional IRA unless your income is lower-middle-class or lower."


Let's say I'm relatively poor (but rich in ways other than financial)...

Certainly poor enough that when people say, you just need to make sure you make under x amount (say 100k a year) and only contribute to the IRA y amount (say 2000/year), I think, I wish maxing out an IRA were on my list of problems.

But let's say I did put money into a traditional IRA--why would it make a difference how much money I make whether or not it could affect my taxable income?
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