Two Plus Two Older Archives - simple IRA question

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greg nice

06-25-2005 06:34 PM

simple IRA question

i was reading an older post on 2+2 regarding investing

someone said something like if you make more than $110k in income then you are not allowed to contribute to IRAs.

is this the case?

James Boston

06-25-2005 07:13 PM

Re: simple IRA question

Well, you can't get IRA tax breaks. You can always put money away for retirement.

TGoldman

06-26-2005 02:24 AM

Re: simple IRA question

IRS Publication 590 (2004), Individual Retirement Arrangements (IRAs)

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