Yours seems the most clear and helpful answer, but am I wrong to think if I am paying income taxes I should able to reduce taxes in a IRA, even if I am not work...
As I said in the previous message I don't know how much I am allowed... rom everything I read I should be allowed $7000... am I supposed to send all $7000 back?
I am afraid I don't understand..... If it matters that I don't get income from work anymore.... but I am getting taxed on my income for retirement, including so...
