Recently media have started recommending opening non-deductable IRAs for people who do not qualify for traditional IRAs, so that in 2010 they can convert to Roth IRAs (per 2006 tax law change). My question is does anyone worry that this law can change or be canceled by Democrats as part of rolling back Bush tax-cut plans? In other words, what are the chances that people may get stuck with non-deductable IRAs and not be able to convert due to law changes by the time 2010 come around?
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