Originally Posted by listopencil
From what I understand, deposits into a Roth IRA are taxed. Traditional IRA's are taxed upon withdrawal.
So rollover your traditional into a Roth. Here's the point: you don't even do the bare minimum of saving and taking advantage of the tax code's IRA advantages. So spare us the lecture of how if only there was no income tax your life would be so much better. Not really: you would just spend it all.