<prompt> Human: Title says it all, but in short, my wife and I exceed the income limits for a traditional IRA which prevents us from getting a tax deduction. It also prevents us from contributing to a Roth IRA altogether. Is it still worthwhile contributing to a traditional IRA even without the tax deduction, or should I just put the money in a taxable account instead?  <response>: You can always do the backdoor Roth if you have no other traditional IRA balances. 