conversation: User (OnstarLifeSupport): "So I had a question about income limits and if the roth is right for me. I am currently a part time employee, I work 29 hours a week and make $65 an hour. This means I'm around $98k a year. I also just turned 27. My position is supposed to be moving to a full time position sometime in the next month or two. If my rate were calculated at a full time rate I'd be at $130k a year. I doubt that will happen and my salary offer will be a bit lower. Probably in the $110k range but that will depend on how well I negotiate. \n\nThe limits of the roth start at $107k then your max contribution shrinks. Is it worth me opening up a roth and maxing it out every year until Im not allowed to invest into one? A financial planner said this is a bad idea and go for a whole life insurance policy. I think he might be a bit full of it, he isn't my financial planner he just wants to be."
  Self: "&gt; The limits of the roth start at $107k then your max contribution shrinks.\n\n$116K.\n\n&gt; Is it worth me opening up a roth and maxing it out every year until Im not allowed to invest into one?\n\nAssuming that it would make sense without regard to your future earnings (e.g. available trad accounts are maxed), yes, almost certainly.\n\n&gt; I think he might be a bit full of it\n\nGood thinking."
  User (OnstarLifeSupport): "Well when I move to full time it comes with a pension and a 401k. I figured I'd stay away from a traditional IRA it just doesn't seem to have that much advantage over a roth. Unless I'm missing something. Also thanks for the 116k number he was the one that stated the 107 mark. "
  