That was a good summary. In addition, I suggest adding google for "roth income limit" or you could do worse than this URL: https://www.rothira.com/roth-ira-li

That was a good summary. In addition, I suggest adding google for "roth income limit" or you could do worse than this URL: https://www.rothira.com/roth-ira-limits https://www.rothira.com/roth-ira-limits and/or https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-not-covered-by-a-retirement-plan-at-work https://www.irs.gov/retirement-plans/2017-ira-deduction-limi... I can't contribute to my old Roth but I have a trad IRA I can legally contribute to. One interesting point to make is to some extent its all a waste of time; the annual contribution limit for Roth or Trad IRAs is less than the monthly cost of my Uncles nursing home; all you're going to do by investing in IRAs is make some middleman slightly richer before you go on full government assistance; the IRA is not going to last long and your body is going to last longer. The purpose of "the system" is to get all your money before you die, so struggling to accumulate more merely means you'll get some rich guy a bonus for taking lots of your money as opposed to little of someone elses money. There are no weird income or investment limitations on plain old investment accounts, which is why my plain old brokerage account is something like 10x larger than my two IRAs. Likewise my MiL is using her suburban house as her retirement account, more or less. Also the fedgov thinks people retire at 65, every single person, which is comical; due to ageism in my field I need a way to get an income for decades before I am 65 so IRAs that limit access for decades are kinda stupid to invest in unless you're in a "pocketwatch and lifetime sinecure position" job where you can reasonably expect to retire from that single lifetime employer at 65...