No. of Recommendations: 1
Spouse has a pension, for now, who knows what will happen later. We are maxing out 401K plan. My IRA will be a supplement to those.
My income comes from part time contract work and varies greatly.


1. If your spouse has a 401(k) there are some limits on the deductibility of your Traditional IRAs (both you and your spouse can have IRAs). If your income puts you in the phase-out zone, or worse, in the "ineligible" zone, then a Roth is a no-brainer.
2. Are you considered self-employed? In other words is your income reported on a W-4 or a 1099-MISC? If so there are a bunch of other retirement plans that are available to you (SIMPLE-IRA, SEP-IRA, and Solo-401(k))
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