Why would I want to open an IRA?

[itsmarty]

An additional benefit is that you expect your 60 year old self to be in a lower tax bracket. If not, there's no reason to pull the money out and he can leave it until your 65 year old self wants it, etc.

This could change with the tax code, obviously, but rarely does it change to negatively affect old people who have money (aka voters).

Martin