Quote:
Originally Posted by steved0x
I just checked these out and you can do both 3 & 4  The ability to contribute to an IRA and have it be deductible or a Roth IRA phase out based on your income, with the limits being higher if you are filing married. I am not sure of the benefit of contributing to an IRA if it is not Roth and is non deductible since you have to pay taxes when it comes out but I am sure there must be one I will check it out further, thank you! |
I think it because the gains are not taxed until you take the money out in retirement, and hopefully I'm in a lower tax bracket then. I think that's why my guy has me doing it.