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URL:  http://boards.fool.com/ira-and-simple-ira-contributions-16535900.aspx

Subject:  IRA and Simple IRA contributions Date:  1/23/2002  9:39 PM
Author:  jailleres Number:  57530 of 121219

DH and I expect to qualify for traditional tax-free IRAs this year and have already deposited $6500 (I'll be 50 this year) in our IRAs. Can we also contribute to our corporate Simple IRAs? We own a subchapter S corporation which will pay us about $3500 in salaries this year. We set up Simple IRAs last year when we had more corporate income.

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