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Author: shess Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Roth and Traditional Ira Date: 9/19/1998 1:17 AM
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TMFTaxes writes:
<<But I'm just not a big proponent of paying real tax dollars today, for the hope and promise that I'll get tax free dollars in the future.>>

I'm suspecting I might be in the exception area. My wife and I don't plan to convert our IRAs, and earn too much to make tax-free regular IRA contributions. So, we're looking at opening Roth IRAs.

I understand that with conversions, if you later determine that your taxable income is too high, you can back them out. How about for _new_ contributions? We're close enough to the earning limits for Roth IRA contributions that if we were to receive good bonuses, it could push us over the top. Initially, I figured we could just punt and contribute once the year was behind us, but the recent stock market declines have me rethinking that option.

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