Date: Tue, 7 Feb 2006 16:09:03 -0600
From: "Bucky" 
Newsgroups: misc.invest.financial-plan
Subject: Re: dumb question about IRA's
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BreadWithSpam@fractious.net wrote:
> Non-deductible IRA:
> (4000 * 0.85) (after taxes!)  * 1.06^30 (before taxes) = $19528
>   *however*: of that 19528, 3400 has *already* been taxed,
>   so the $19528 has a basis of 3400 and (19528 - 3400) is
>   taxable, so you're total after-tax net is:
>      (19528 - 3400) * 0.85 + 3400 = $17109.

Good point. I did not account for this in my calculations.