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This may be a bit late in the discussion, but I wanted to clear up some misinformation that came out about Roth IRAs earlier in the thread.
If you are filing single, you can contribute the maximum amount to a Roth IRA only until your AGI reaches $95,000. There is a gradual phase-out to the amount you can contribute, until your AGI reaches $110,000, at which point you are ineligible to contribute to a Roth IRA.
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