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Community: Investing Wiki

Term Of The Hour

traditional IRA limits: Original post by W D Adkins of Demand Media When your income reaches a certain level, the tax deduction for contributions to a traditional Individual Retirement Account is gradually phased out. The phase-out rules for IRAs can be confusing because there are two sets: one for Roth IRAs and another for traditional IRAs. If your income exceeds the limit for a Roth IRA, you cannot contribute funds to…

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