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Re:Ask HN: What kind of personal financial investment do you... by ydant on Wednesday February 09, 2011 @02:45PM (#2198997)
This doesn't agree with my understanding of the tax code as reported on IRS.gov. For example:

http://www.irs.gov/retirement/article/0,,id=202510,00.html:

"The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. This limit can be split between a traditional IRA and a Roth IRA but the combined limit is $5,000.The maximum deductible contribution to a traditional IRA and the maximum contribution to a Roth IRA may be reduced depending on your modified adjusted gross income."

Also, this table seems to agree:

http://www.irs.gov/retirement/participant/article/0,,id=2025...

This is for 2011, but my recollection is that 2010 had identical wording.

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