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I was talking to my tax accountant today and discovered that I can contribute to a non-deductible IRA....which may have advantages as long as I have a reduced tax rate when I retire.

In addition, after a bit of research, I discovered that the AGI limit on rolling money into a Roth will be eliminated in 2010 for 20K per individual (20x2 for me and my wife). So if I have 20k I can get into a non-deductible IRA by 2010.....I can then move it to a Roth and pay tax on the gains only when rolled in. You can then take advantage of tax free gains when taken out of the Roth when you retire.

FYI: I don't qualify for a Roth or the ability to deduct a traditional IRA anymore.

Anything I missed in the above (the non-deductible IRA's pros and Cons I am aware of).
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