So, i heard there are technically 2 types of traditional iras. The tax deductible/tax-deffered, or non tax deductible.
If someone is not eligible for tax deductible, why would someone want a non-tax deductible traditional ira. especially if the have to pay taxes twice. once when they go in, and once when they go out.
it just doesnt make sense why they would even offer it as a choice, what am i missing?

My consulting business did well enough this year that I had a bit of money due to the IRS. I planned on setting up an IRA this year since I’m in my mid-twenties. I like the tax-free potential of the Roth, but I also need to lower my AGI this year. Would it make sense to open and contribute a portion of my wages to a traditional account and deduct what I need to break even on taxes, and throw the rest into a Roth account? Not exceeding the $4,000 limit on contributions of course… The fees on the accounts should be negligable, considering that I’m working primarily with an Internet broker.
25% is my current tax bracket.

What is the way for me to  file it on a H&R Block DeductionPro?

ect.) might be best for my personal situation? Could someone explain the plan that is more important and why this plan is best for me.

this year? Would a rebate only apply if I owed and paid what rebate was going to be paid out to me?
By this year I mean 2007, a traditional IRA which can be purchased up until the tax filing deadline April 15, 2008!
Without the $10k IRA contribution, my tax burden would have been $1600!
Married filing jointly….obviously

Which investing programs should be avoided? What do people think about Sharebuilder?

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