travelover
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 31, 2007
- Messages
- 14,328
I retired in March, so I had two months of earned income for 2007, about $30K including vacation time paid. I was not able to max out my 401(k) due to monthly limits on contributions by my employer.
Since my income is lower this year, I can contribute to a Roth IRA ILO a regular nondeductible IRA. I feel a little silly still saving as I'm retired, but it seems like a last opportunity to shield some earnings from taxes.
Is there any reason not to go for one last IRA and if so, a Roth?
Thanks in advance for your advice and my apologies if this was recently covered elsewhere.
Since my income is lower this year, I can contribute to a Roth IRA ILO a regular nondeductible IRA. I feel a little silly still saving as I'm retired, but it seems like a last opportunity to shield some earnings from taxes.
Is there any reason not to go for one last IRA and if so, a Roth?
Thanks in advance for your advice and my apologies if this was recently covered elsewhere.