Feels like a novice question, but we are going through our taxes and our MAGI is too high to deduct our Traditional IRA contributions from our income. The MFJ limit is $118 and we are at $138 after all other deductions (and we both have a retirement plan)
Since there is no tax advantage to contributing to the Traditional IRA, would it be better to re-characterize the 2015 contributions to Roth to have Tax Free Future earnings?
