Re: IRA and Social Security question
If the tax benefit of the contributions outweighs the expected tax consequences of the distributions, then it's a go.
Your CPA should be able to tell you what kind of IRA and the maximum she and you could contribute, based on the information on your tax return for the year.
If you are not sure, you could always wait until after the end of the current year and make those 2006 contributions before April 15, 2007.
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