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- Joined
- Jun 25, 2005
- Messages
- 10,252
I am leery of contributing to a non-deductible traditional IRA because I did it in the past when I should have just contributed to after-tax investments. In essence, I converted capital gains tax into marginal income tax, much like an annuity would do for me. Plus, I am not able to deduct losses in my IRA.
Currently, we are not eligible to contribute to Roth IRAs, but could convert traditional IRA to a Roth IRA in 2010 when the income restrictions are suspended.
My questions are: Are you considering this? Have you really thought it through? What are the pros and cons? Thanks!
Currently, we are not eligible to contribute to Roth IRAs, but could convert traditional IRA to a Roth IRA in 2010 when the income restrictions are suspended.
My questions are: Are you considering this? Have you really thought it through? What are the pros and cons? Thanks!