Magdalene works for a publishing company and earns 200,000 per year, while also participating in the company's generous 401(k) plan. She is convinced that she will eventually become very healthy by writing a series of young adult novels about two vampires who fall in love in a dystopian, post-apocalypic 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 contribution immediately. What is your repsonse? (Please give an answer of at least 3 sentences)