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>> Age 54.
Married with No children.
No pension or 401K.
Debt paid down.
Mortgage and car only debt.
Enough savings for emergencies, contingency fund, etc.

I am now choosing between a traditional and Roth IRA for the 2005 tax year. Then the same decision for 2006. Money already saved. The lum sum would be invested all at once, not a little each month for these two years.

I presently have no IRA and my spouse plans to retire in between 5-7 years depending on a variety of factors.

With no retirement plans in place at all, chances are that you'll be in a low tax bracket at retirement -- so most likely traditional is better. But run the numbers yourself, though.

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