Hi!
I have T-IRA (no 401k available from work) & my spouse has Roth IRA (401k available & contributing).
We file jointly & MAGI <= 198k, but there's a chance that we fall into the next bracket (say, 200K, knowing the ranges may change in the future) soon.
Then should I keep contributing $6000 to T-IRA, get partial deduction, and the rest no deduction? I am wondering if there is any benefit to open up a new Roth IRA account and start contributing partially.
Using the calculator, it looks like I can get $4800 T IRA deductible OR $4800 Roth IRA contribution amount. Then is there a way to contribute $4800 to T IRA & $1200 to Roth IRA? Or would you suggest putting $6000 to T IRA and only get $4800 deduction?
Thanks!!
