My income for 2012 was ~200k. I have a wife who did not work last year. Neither of us were eligible for an employer sponsored plan last year (though I will be this year). Income will be going up significantly over the next several years. My question, at my income level am I still able to make tax-deductible traditional IRA contributions for myself and my wife for 2012 and is that the best option for me? I currently have no IRA accounts (just finished training and have been attacking student loans rather than investing).
Thanks in advance.
http://www.irs.gov/publications/p590/ch ... 1000230549
(Someone correct me if I am wrong. im pretty new to this too.)
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