As we approach tax time, you will likely be prompted by your tax software or preparer to consider an IRA contribution. If you're ineligible to deduct your IRA contribution or you're over the income limit for Roth IRA contributions, you might see a non-deductible IRA contribution suggested. That … [Read more...]
Non-Deductible IRA Contributions: Good Idea?
If your income is over the limit for deductible and Roth IRA contributions, you are faced with a dilemma each year: should you contribute to a non-deductible IRA? Making a non-deductible contribution shouldn’t be an automatic decision. It could be beneficial, or investing the same amount of money … [Read more...]