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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.

I have two IRA questions.( Yes I have left the same question with my
tax advisor, lawyer and financial advisor; just covering the bases.)

1. I am wondering is there is a reason to choose one IRA over another
if one has no children, assuming spouse dies first.

2. If the costs for paying for a IRA is small, less than $15 a year
why not have both the traditional IRA, for years when you need a tax deduction; and a Roth IRA, for the years you don't.


Thanks,
DW
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