a*******t 发帖数: 867 | 1 I have a roth with Vanguard for several years.
I expect the income will be higher this year and it may put me in a higher
tax bracket.
Can I open a traditional IRA and make contribution to it instead of the Roth
this year?
Thanks | u**y 发帖数: 68 | 2 If you have 401K or other retirement account from your empolyer,
you can not open a deductible TIRA account. You can only open a
non-deductible TIRA, which is after-tax. But you can convert the
non-deductible TIRA into Roth IRA. Google back-door Roth IRA
conversion.
Roth
【在 a*******t 的大作中提到】![](/moin_static193/solenoid/img/up.png) : I have a roth with Vanguard for several years. : I expect the income will be higher this year and it may put me in a higher : tax bracket. : Can I open a traditional IRA and make contribution to it instead of the Roth : this year? : Thanks
| f*******n 发帖数: 12623 | 3 Yes. You can contribute to both Traditional IRA and Roth IRA for the same
year too. The limit of 5000 (or 5500 for 2013) is for the combined amount.
If you are covered by a 401k at work, the income limit to deduct a
Traditional IRA is very low, so that is not an option for you. If you are
not covered by a 401k at work, and your income is high, Traditional
IRA is a good idea.
Roth
【在 a*******t 的大作中提到】![](/moin_static193/solenoid/img/up.png) : I have a roth with Vanguard for several years. : I expect the income will be higher this year and it may put me in a higher : tax bracket. : Can I open a traditional IRA and make contribution to it instead of the Roth : this year? : Thanks
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