Rock And Roll Heaven by The Righteous Brothers. This talks about numerous music stars who died too young. First verse: Jimi gave us rainbows is Jimi Hendrix. Janis took a piece of our hearts is Janis Joplin. Otis took us all to the dock of the bay is Otis Redding. Remember Jim that way is Jim Morrison.
The idea is that even if you earn too much to contribute to a Roth IRA directly, you can open a Traditional nondeductible IRA and convert it to a Roth; there is no income limit on Traditional nondeductible IRAs or conversions.
The annual contribution limit for both a Traditional IRA and Roth IRA combined is $5,500 for 2017 and 2018, or $6,500 if youâre age 50 or older. The amount you can contribute to your Roth IRA may be limited based on your filing status and income. See Individual Retirement Account Contribution Limits for more details.