Magdalena works for a publishing company and earns $200,000 per year, while also participating in the companys generous 401(k) plan. She is convinced that she will eventually become very wealthy by writing a series of young adult novels about two vampires who fall in love in a dystopian, post-apocalyptic future. Since she expects her future tax rate to be high, she has asked you if she can set up a Roth IRA to start making contributions immediately. What is your response? (Please give an answer of at least two sentences).