slowsaver
Recycles dryer sheets
I have read that contributing to a nondeductible ira is a bad deal because you are just locking-up money with no tax advantage.
Some people still contribute to one, just to roll it over to a roth ira. However, I do not want to roll this money to a roth.
Instead, I was wondering whether there might be some advantage to save highly taxable funds, like bond funds or reit funds in a non-deductible IRA to avoid getting 1099's from these investments during my high tax-bracket years (now). My 401k is already maxed-out.
Thanks for your thoughts.
Some people still contribute to one, just to roll it over to a roth ira. However, I do not want to roll this money to a roth.
Instead, I was wondering whether there might be some advantage to save highly taxable funds, like bond funds or reit funds in a non-deductible IRA to avoid getting 1099's from these investments during my high tax-bracket years (now). My 401k is already maxed-out.
Thanks for your thoughts.