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I really need some advice. Here is my situation. I have a defined benefit 401a plan from work(teaching)in Michigan. I also contribute to a tax-deferred annuity(Prudential) through voluntary salary reduction.Also have a small savings account. I have no IRA and am thinking about one. I have about 10 more years to teach before retirement. I am confused about whether to go traditional or with Roth. The calculator at TD Waterhouse tells me Roth but the calculator on the Fool tells me traditional. It's confusing. I am married and we file jointly. AGI will be around 50,000 this year. I know the benefits and drawbacks of both types but can't decide. I would be putting in the maximum allowable each year. What else should I consider? Would I be better off contributing much more to the annunity (which hasn't done very well this last year) and forget the IRA? I also looked into sharebuilders for investing options and wonder if the potential IRA money would be better spent with me going with index funds there or at another discount broker. There are so many options and I really am new at this so forgive me if I sound naive but I am. HELP!
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