Question: Describe the three basic types of IRAs (traditional, Roth, and nondeductible), including their respective tax features and what it takes to qualify for each. Which

Describe the three basic types of IRAs (traditional, Roth, and nondeductible), including their respective tax features and what it takes to qualify for each. Which is most appealing to you personally? Explain.

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In order to contribute to an IRA you must have earned at least as much income during the year as you contribute to your IRA an exception is the nonworking spouse who can now also contribute 5000 As of ... View full answer

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