I have not contributed to an IRA for the past few years because our AGI is over 181K. I can participate in a traditional but I get no tax relief. If I participate now on a traditional and then later (when my AGI drops) I want to convert to ROTH, what would my taxes be? Zero since this money was already after tax? I am maxing my 401K. My company does not offer a ROTH 401K.
-Big Dawg-FI since 9/2010. ER in 2015(failed-mentally not $$). Now back for TMY's.
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-