Hi FI friends,
I am new to the community I have been tuning in for about a month or so now. I was considering opening a Traditional IRA to reap the tax deduction benefits. My employer doesn't offer a 401k, we only have profit sharing which I cannot contribute to. I currently have a Roth IRA and have been saving money for a few years now, I have about 15k saved in there. If I were to open a Traditional IRA, should I just contribute to that instead of my Roth from now on and convert later down the line? Do I just leave the 15k already in my Roth and not touch it, while beginning to build my Traditional IRA? Is there anything I should know before opening my Traditional IRA? Any feedback about my situation would be greatly appreciated!
