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Greg wrote,

4)Equal amounts in a Traditional IRA(or the 401k if you have good investment choices) and a Roth IRA.

You might want to contribute something like $1.30 to the traditional IRA or 401K for every dollar contributed to the Roth IRA to make them equal after the traditional IRA tax deduction.

You did not indicate this point and I just want to clarify for others but you can only contribute a maximum of $3000 (or $3500 depending on your age) to all IRA accounts.

I am not quite sure why you advocate making contributions to a Traditional IRA and a Roth IRA. In your example, you would have $1500 in a TIRA and $1500 in a Roth IRA. Can you explain the benefit to that versus putting the max in just the Roth (if you qualify)?

Just to recap, you are limited to a total contribution of $3000 (or $3500 depending on age) to ALL IRA accounts. You cannot contribute the max to a Traditional IRA and the max to a Roth IRA.

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