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Author: FIgirl Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Should I open a nondeductible traditional IRA? Date: 7/14/2006 12:24 PM
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I am not eligible for a Roth or a deductible traditional IRA. I would like to put some more money away in addition to my job-related retirement accounts.

I would like a vehicle that is tax-advantaged but also flexible about when I can start withdrawals, since (God willing) I plan on retiring early, and most of my retirement plans do not allow withdrawals before a certain age cutoff (although I know there's that SEPP option).

Is a nondeductible traditional IRA worth opening? The $2000/yr limit seems kinda puny, and I understand the withdrawals are subject to complicated taxation.

Or should I just open a taxable account and invest in tax-efficient funds inside the account?

Thanks,
FIgirl
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