The most touted benefit of the non-deductible IRA's has been the tax deferred status. But I believe there are some other benefits that I rarely see discussed and that is the treatment of IRA's by the government. The 1997 Tax Law is the biggest example. The government is letting people roll existing IRA's (non-ded and ded) into Roth IRA's, but not other funds such as tax-deferred annuities (TDA's). TDA's I consider the competition to non-deductible IRA's. Also, they are expanding the withdrawl options available. And if I'm not mistake IRA's are grouped with other retirement accounts and protected during backruptcy and other legal proceedings (i.e., being sued). I for one am going to keep pumping money into my IRA. Who know's, perhaps one day the USG will decide to start matching my contributions!
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