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Dear Fools,

I will be opening an IRA for the first time. My gross, non-adjusted income this past year was $70,000. I know I'm elegible to open a Roth, but next year, my gross non-adjusted income jumps to $110,000, which makes me eligible to contribute to a Roth only partially. The $110,000 salary will continue for 2 years and then take a dip to about $80,000.

Since at none of the above income levels am I able to use a traditional IRA to deduct the $2000 contribution, I assume it will be best for me to start a Roth, but then since I become ineligible for a complete Roth (at $110,000), I will have to do a partial contribution to my Roth and start a traditional with the remainder of the money to reach the $2000 contribution for the year. Ultimately my salary goes back down, making a full contribution to a Roth possible again.

Does it make sense for me to have 2 IRA's like that?
What are the pro's and con's?
Is this so compliated that you would suggest I have a traditional IRA only?

Thanks for your time and expertise,
Foolishly yours,
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