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Greetings Fools!

I am relatively new to the investment/retirement sphere, and would like to know about IRA eligibility for both Roth IRAs and regular IRAs (Pixy?).

I am married and currently make around $85K/yr. I have a 401K from a previous employment situation, but will probably let that sit for now ($25K). For the past 2 1/2 years my companies have not participated in 401K - thus, no real retirement savings during that time.

My questions are:

1. What salary limits are there for deductible IRAs...

2. Is it worthwhile to invest in them even when deductibility is not applicable...

3. Can I still invest in a regular IRA next year (until 4/15) so that it may be rolled over to a Roth in 1998 (4 yr tax payoff)...

4. Can I make contributions for my wife (she is a home-maker; no formal job)?

Thanks in advance for any and all advice - I love this place ;-).

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