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http://boards.fool.com/gtgtgteffective-1198-an-unemployed-spouse-10109494.aspx
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| Subject: Re: midnight taxes | Date: 2/19/1998 2:51 PM | |
| Author: EMulkay | Number: 1860 of 72282 | |
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>>>Effective 1/1/98 an unemployed spouse may indeed make up to a $2K per year deductible contribution to an IRA is the working spouse has the income to support it. Additionally, a working spouse who is not an active participant in an employer's qualified retirement plan may also make a deductible $2K contribution to an IRA even if the other spouse is covered by such a plan.<<< Does this also mean that the spouse must contribute to a "regular" IRA (i.e., deductible contribution) or can they choose to contribute to a Roth IRA? Eric |
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