The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/please-excuse-me-as-i-didnt-mention-that-i-do-10448740.aspx

Subject:  Re: Breaking Roth AGI Limits Date:  12/6/1998  3:39 PM
Author:  RBrowndog Number:  6802 of 121096

Please excuse me as I didn't mention that I do participate in a 401k.

Hi Roy:
I'm posting this as an expansion of questioning on this subject.
I just came from an article written by you on qualifying for IRA. It was from a
pointer in an article on the foolish four written Dec.4th.
Everything I've read before now told me I qualify for a Roth if I make less than
an AGI of $98K. Yes I am single and head of household. Now the article I just
came from (went back a couple times to make sure I read it right) said that my
AGI must be under $40K for any contribution. Is this right? If so I'm making a
big mistake as I've started a Roth for 98 already......
Thanks....RBrowndog
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us