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May 6, 2011

How to Determine Which IRA You Should Contribute To

As you approach retirement, you may still be contributing to an IRA plot. Both your income and whether or not you (or your spouse) have a qualified plot associated with employment will determine which of the three IRA types – the traditional (deductible) IRA, the non-deductible IRA, and the Roth IRA – you should contribute to. However, when circumstances occur that give you a choice of contributing to two or more IRAs, here’s how to choose what to do.
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