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re: Contribute to an IRA or not

Posted on 6/4/13 at 1:38 pm to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 6/4/13 at 1:38 pm to
quote:

Is there any benefit to this situation?


Tax deferred growth. That's kind of a big deal.
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 6/4/13 at 1:40 pm to
quote:

ax deferred growth.
Even if my effective tax rate is going up? Or is the idea that you only withdraw when you are done working and your AGI is nill?
What if I never quit working?
Posted by lsu13lsu
Member since Jan 2008
11488 posts
Posted on 6/5/13 at 8:17 pm to
quote:

Tax deferred growth. That's kind of a big deal.


Broke, if someone contributes to a traditional IRA and does not get to take the tax deduction because of high income, how is this tracked so that when it is withdrawn it is not taxed again?
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