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BookmFool,

You wrote, Your income would place you right in the middle of the traditional IRA phase-out range, meaning only a portion of that contribution would be tax deductible (for 2002 the range is $34,000-$44,000). For 2003, that range increases its limits to $40,000-$50,000, so if your income stays the same next year the full contribution would be deductible.

Excellent point.

- Joel
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