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You might also consider if a Roth is the right type of IRA, especially given your plan to tap and deplete the 401k money first. If the 401k is basically depleted by the time she is 70, you'll need to be taking distributions from the IRA anyway, so the RMD's from a traditional might not be a problem.

Further, if the IRA is the only source of income after 70, it seems likely that her tax burden will be quite low - maybe even low enough to avoid taxes altogether. If that's the case, then the current deduction for a traditional IRA could be worth more than future tax-free withdrawls from a Roth.

Just some things to consider.

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