Of course it depends on what you include as taxes. One thing I'd consider is simply how much the IRS handles. To collect over $2 trillion they would like about $11 billion for 2008. Will likely be...
First off, there are very few, if any, disadvantages.
Advantages include the basic concept that paying taxes later, in this case frequently much later, is much bettr than paying them now.
Add to...
Yes.If you are under 50 at the end of 2011, 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. If you...