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Community: Investing Wiki

Term Of The Hour

nondeductible IRA contribution: Original post by Mark Kennan of Demand Media Though most people make deductible contributions to their traditional IRAs, the Internal Revenue Service allows you to make nondeductible contributions instead. If you have an employer plan and your modified adjusted gross income is too high, you have to make nondeductible contributions if you want to contribute at all. A nondeductible contribution to a…

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