If you aren't eligible to contribute to a Roth, you may be able to contribute to a non-deductible traditional IRA. Or you may have contributed to such accounts in the past.

Unlike a traditional IRA, contributions to a non-deductible IRA are not excludable from adjusted gross income. On the other hand, only the investment income portion of withdrawals, rather than the total withdraw, is subject to income taxation.

Our program does not, at the moment, formally incorporate non-deductible IRAs. But you can enter future contributions to these accounts as non-tax related special expenditures and enter a) the future withdrawals of the principal of these contributions as non-taxable special receipts and b) the future withdrawals of the investment income earned on these contributions as taxable special receipts. Withdrawals based on existing non-deductible IRA account assets can be treated the same way.