Question: Is there any downside to making non-deductible contributions to a traditional IRA rather than funding a new Roth IRA?I have a traditional IRA which is large enough that I can't afford to take the tax hit by converting to a Roth, but I can no longer make deductible contributions to it because of my 401k at work. I'd prefer to have only one account to manage. To a first order, it looks like it could be beneficial to fund the traditional because I can be more efficient in trading, and the withdrawals when I retire will be taxed only on the deductible basis which I am starting with now. Any ideas or suggestions?
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