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Subject:  stop contribution to Trad IRA? Date:  6/21/2006  3:17 PM
Author:  wwongma Number:  52326 of 101451

Hi, looking for feedback if my thinking is correct.
DW has a Trad IRA that was openned via broker. Rolled it over to mutual fund and DW has been contributing to it (only $600 yr) My thinking is to have her stop it and instead open a Roth IRA (even using the same fund that the trad IRA is in. She has done well with that fund). She does get any tax benefit on the trad IRA as she belongs to a profit sharing program at work. The money currently contributing is extra money she has as she maxes out her profit sharing.

Does my thinking make sense?



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