<prompt> Human: Basically I took a 401k from an old job about 8000 and put it in a IRA with Vanguard and contributed another 5500 to it for a tax break. Tax season came by and it turns out I cant deduct any further contributions because my current 401k is maxed and I make too much income to qualify for that deduction.Is it still worth it to contribute to that IRA with taxed income or is there a better way to manage this money?  <response>: Since youre not getting a tax deduction for a traditional IRA, youre better off making a contribution to a Roth IRA. Also, since its not a huge amount, depending on the tax implications for you, you might want to consider rolling over all or some portion of your traditional IRA into your Roth as well. 