All the advice you have been given is great. Skip the VA, max out the 401k, contribute to a traditional IRA for 2008 (contributions may not be deductible this year), start contributing to a Roth next year when income drops. If your wife continues to have some income you can contribute to a Roth for her as well, up to her earned income for the year. Then in 2010 income restrictions on converting Roth end so you can convert your nondeductible contributions from 2008 to Roth in 2010.
EDIT: I was wrong, even if your wife stops working entirely you can still contribute to a Roth on her behalf.
Last edited by noppenbd : 04-14-2008 at 06:01 AM.
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