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Author: webbdesigner One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75632  
Subject: Re: Allocating investments in CREF funds Date: 2/12/2006 2:07 AM
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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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