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I have read some of the responses concerning V.A.'s but I'm still confused. Here is my situation.

Independant Contractor working as a employee with a small company with no retirement benefits. AGI 130k age 42.

Married. Wife with 401k. <maxed> AGI 40k but retiring this July. age 51

Should be able to set a ROTH this year for the both of us but would like to shelter some more money for retirement.

Is V.A's a good choice for this or is there a better foolish choice????

Also, If I set a ROTH's now for the compounding and my AGI goes over the 160K limit, what are the consequences????

Thanks,,
Steve
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