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Subject:  Too much income to deduct IRA Contributions? Date:  1/24/2000  10:26 AM
Author:  chesleigh Number:  18165 of 102387

I'm being told now that I make too much money to deduct the contributions to my IRA for 1999. My question is this: If that is the case, why would anyone who makes over 40K opt for the traditional IRA instead of a Roth-IRA? The only advantage I saw to the traditional IRA was the contributions were tax deductible. If I no longer get that advantage, it seems obvious to convert to a Roth. Any suggestions?
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