Rock And Roll Heaven by The Righteous Brothers. This talks about numerous music stars who died too young. First verse: Jimi gave us rainbows is Jimi Hendrix. Janis took a piece of our hearts is Janis Joplin. Otis took us all to the dock of the bay is Otis Redding. Remember Jim that way is Jim Morrison.
The idea is that even if you earn too much to contribute to a Roth IRA directly, you can open a Traditional nondeductible IRA and convert it to a Roth; there is no income limit on Traditional nondeductible IRAs or conversions.
Current as of November 14, 2013. Main rules for annual contributions to a Roth IRA. Most people who work for a living (or have a spouse who works for a living) can contribute to a Roth IRA. Thereâs still an income limit on regular contributions, though, even though the income limit on conversions has been repealed. You can make a regular contribution even if you made a conversion in the same year. 2  Contribution to conversion Roth IRA. 3  Although there was initially some confusion on this point, itâs been clear for a long time that you can make regular contributions to a conversion Roth IRA.