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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72499  
Subject: Re: Non-Deductible IRA contributions Date: 3/4/2004 7:21 PM
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You are allowed to put $3000, $3500 if you are old enough, into IRAs. You can divide that money among traditional IRAs and Roths in any manner you see fit.
If your income level makes you eligible for a Roth, that's almost surely the better choice, meaning you can't put money into a traditional IRA UNLESS you have self-employment income and have a SEP-IRA.
Best wishes, Chris
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