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  #1  
Old 06-25-2005, 06:34 PM
greg nice greg nice is offline
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Join Date: Aug 2004
Posts: 254
Default 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?
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  #2  
Old 06-25-2005, 07:13 PM
James Boston James Boston is offline
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Join Date: Oct 2003
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Default Re: simple IRA question

Well, you can't get IRA tax breaks. You can always put money away for retirement.
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  #3  
Old 06-26-2005, 02:24 AM
TGoldman TGoldman is offline
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Location: Bellevue, WA
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Default Re: simple IRA question

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