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Investing/Strategies / Retirement Investing
|Subject: Re: Simple IRA Questions?||Date: 11/16/1998 12:38 AM|
|Author: SnootFool||Number: 6625 of 76079|
<<What is the maximum I'd be able to contribute to the Roth each year? >>
<<The maximum either of your may contribute is $2K per year.>>
If I may be so bold as to elaborate on Pixy's answer.. [I feel like some Greek kid 2,000 years ago saying, "Well, what Plato meant to say was... ;-)] You & your wife can each contribute a Grand Total of $2K per year. If you want, you may further split each $2K contribution however you like between a Roth or a traditional IRA, so long as you don't exceed $2K/year.
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