The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Breaking Roth AGI Limits||Date: 12/6/1998 3:39 PM|
|Author: RBrowndog||Number: 6802 of 125696|
Please excuse me as I didn't mention that I do participate in a 401k.
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......
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