My fiance has a relative that is a CPA who did her taxes. She only only made about $30000 last year. When we get married in 08, we're going to have a combined income over $130,000.
Her CAP told her she could only do $1600 in a traditional IRA. I asked her why not put $4000 into a Roth (for someone in her tax bracket, it seems like a no-brainer, because when we're married, she's going to be in a higher tax bracket).
I never got a straight answer and I didn't want to argue because - he's a CPA and I just dabble in this. Basically, he said the consensus is that the government is going to do something that makes Roth IRAs bad and you should avoid using them.
Has anyone heard of this, or am I missing something incredibly stupid.
2007-04-12
05:41:05
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5 answers
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asked by
vbslinger
2
in
United States