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.
Can I make a contribution to both a Traditional IRA and a Roth IRA? If you meet the eligibility requirements for both Traditional and Roth IRAs and you want to open both, you may. However, your total contribution between both accounts can only be $5,500, unless you are age 50 or older, and you can contribute $6,500.an I make a contribution to both a Traditional IRA and a Roth IRA? If you meet the eligibility requirements for both Traditional and Roth IRAs and you want to open both, you may. However, your total contribution between both accounts can only be $5,500, unless you are age 50 or older, and you can contribute $6,500.