Thanks for your comment. My loan will be forgiven in 3 years. I am aware that the forgiven amount will be taxable. If I file jointly my payment increases $6000 per year.
Regarding the IRA only if I don't have a retirement account. I though we could contribute but it would not be deductable.
I guess she will have to withdraw all contributions after 2012 and pay the early withdraw penalty. I was hoping to just convert to traditional IRA yo avoid that.
