Archive - November 25, 2010

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The Future Value Of The Dollar: What We Can Expect
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Should You Make Non-Deductible IRA Contributions?

The Future Value Of The Dollar: What We Can Expect

A favorite doomsday scenario. Have you heard about the forthcoming collapse of the dollar? Well, if you turn on your computer, your radio and even your TV, you just may. With the Federal Reserve poised to increase the money supply, the commentary on this topic is heating up again.

The scenario has variations, but the basic outline goes like this: An unexpected political or economic event leaves the dollar so weak all confidence in it is gone. Foreign nations sell Treasuries in a panic and the Fed becomes the buyer of last resort. Traders and individual investors dump dollars for …

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Should You Make Non-Deductible IRA Contributions?

While many folks would tell you that it can be a good idea to make non-deductible contributions to your traditional IRA, I believe it’s in the “Bad Idea” category.  This is primarily due to the way the tax law works for IRA and non-IRA money.

IRA Taxation

As you may be aware, distributions from your IRA are generally subject to taxation.  Of course, your non-deductible contributions are not taxed, but any growth in your account and any deductible contributions will be taxed at the ordinary income tax rate.

And since non-deductible contributions (typically) make up a small amount of your …

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