you do not pay taxes on the amount you withdraw from a persobnal account. you get a deduction for the contribution. under the tax laws at some point you will have to start taking distributions from the account. you will pay taxes on it.
there is an alternative - a roth IRA AGI limit $193,000
makimum contribution for non-working spouse $6,000
the reason i suggest aroth - which is not deductible but following its rules would make any distrubtion fully non taxable
its benefits
Withdrawals of earnings are free from federal income tax, provided the Roth IRA has been in existence for five years and you are at least 59½.
Contributions can be withdrawn anytime without federal income taxes or penalties.
RMDs (Required Minimum Distribution) are not required.
Distributions for your beneficiaries are tax-free.
the thing with regular IRAs is they sve taxes now but closer your are to having to take distributions (probably age 72 under the new laws) the less time for earnings to accumualte on them before distributions must start and you end up paying back the taxes . whereas for a ROTH no tax savings butyou never have to take them out. If you do and meet the 5 tear rule they're fully non yaxable.
