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Learning, Sharing, and Teaching => Investor Alley => Topic started by: psychomaggle on February 13, 2019, 09:33:42 AM

Title: Should I stick with Traditional IRA now that my income has increased?
Post by: psychomaggle on February 13, 2019, 09:33:42 AM

According to my research, I will no longer be able to deduct my Traditional IRA contribution this year as my income has gone above the level allowed for deductions. But then I read something about that only applies to employer sponsored Traditional IRAs? My thought process is even if I can't deduct the contribution, I still won't have to pay taxes on any of the capital gains my investment makes, which is a positive. The best method seems to be pay as little taxes now as I'll probably be in a lower tax bracket, right? Roth IRA would have me paying taxes on any gains now, right?

Title: Re: Should I stick with Traditional IRA now that my income has increased?
Post by: psychomaggle on February 13, 2019, 09:47:01 AM

Sorry, this post is a duplicate of the below. Thought my browser wasn't working and it wasn't posting, but it posted twice.

https://forum.mrmoneymustache.com/investor-alley/should-i-stick-with-my-traditional-ira-now-that-income-has-gone-up/