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Financial Planning / Tax Strategies


Subject:  Re: Deductible and nondeductible IRA Date:  11/6/2000  5:42 PM
Author:  RooCat Number:  41532 of 132714

What is a deductible vs. a non-deductible IRA? Are
we talking about a Traditional vs. a Roth?

Traditional IRAs may be deductible or non-deductible depending on your income level and whether or not you are covered by a qualified pension, 401(k) plan. Roth IRAs are always non-deductible. You can read more about it in the Tax Strategies FAQ so you understand the differences better. There is a whole section on IRAs.
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