thats a book i need..now that its almost tax time ,my question is , how can i lower what i owe. my understanding is that a roth ira is fine for retirement but cant be a deduction on taxes. if i open an ira ( take money from a savings acount) i can deduct contribution, hense lowering tax i owe. but , when i retire in 5-6 yrs, and deceide to "cash in" the tradtional ira will taxed. isn't that like double taxed? if i use money that was taxed once as income to open ira and than taxed again with i close out ira. where is that book?

A traditional IRA has faith that the money you put in it is from earned income. Even if it was from a savings account or tax rebate. When you deduct the contribution from your taxes, that means you don't pay tax on it. Til you take it out.

Doug