Roth vs Traditional IRA

by mapgirl on January 16, 2006

Silly Mapgirl! You have a traditional IRA not a Roth. There was no need to open a new account for your 401k rollover.

Drat.

This means that when I have saved some money, I will be making a 2005 contribution to that account and the Save-O-Meter will be drained. Curses! Foiled again! (but in a still saving money kind of way.)

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{ 2 comments… read them below or add one }

Caitlin January 16, 2006 at 10:35 pm

you’ll still be doing a roth? I got confused…

mapgirl January 16, 2006 at 10:52 pm

No. I probably won’t be starting a Roth on top of everything else right now. I want to sock away some money into my traditional IRA for 2005 for tax purposes.

I just was very very confused and thought I had a Roth account, but didn’t.

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