I am single and used to contribute to a Roth IRA (my last contribution was years ago), but now my AGI is over the limit to contribute to the Roth.
I have a "rollover IRA" that I opened a few years ago, into which I rolled over a previous 401k's funds. Now, I would like to start contributing to an (any) IRA again, so I think I would need to open a traditional IRA. I cannot take a pre-tax deduction to any IRA contribution since my AGI is high.
Is there any difference between the rollover IRA and the traditional IRA? I would prefer not to have to open yet another account, so adding my yearly ~$5500 to the rollover IRA would be great.