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Is there a point to contributing to an IRA if you’re over the income limit to deduct contributions from taxes?
Is there a point to contributing to an IRA if you're over the income limit to deduct contributions from taxes? I'm maxing my 401k and am over the Roth incoming limit. I just started researching IRAs and understand that you can contribute $7,000 to them on top of the $23,000 you can for a 401k. But if I'm over the income limit to which you can deduct IRA contributions, is there a point to establishing one over just contributing to a general taxable invest...
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