Re: IRA or Roth IRA
Assuming your IRA would be deductible, most of the time the Roth is still the better choice. You would have to look at what you thought your tax bracket would be when you withdrew the money upon retiring.
A lot of times people jump into the roth idea because the money comes out tax free. But if your earnings are going to be less when you retire then it might be smarter to do the normal IRA. I'm still pretending your deductions weren't phased out.
The value of a dollar saved today is pretty substantial when one considers a normal ira deductions, as long as it can be offset by the future cost of having your disbursements taxed. I for one will do the roth I think indefinitely, because I hope to make just as much money when I retire!
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