Most Chinese are not eligible for the Traditional IRA since the limit is too low.
If your AGI (Adjust Gross Income, after 401k, Capital Gain ...) is less than $95000, you can contribute to Roth IRA for $4000 in 2006. Check the following link for details in 2007
http://www.fool.com/ira/ira02.htm
Yes and No, depend on your income
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deadline for 2006 contribution is 4/15/2007
-NotALawyer2-
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02/02/2007 postreply
18:52:19