The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  IRA and Simple IRA contributions Date:  1/23/2002  9:39 PM
Author:  jailleres Number:  57530 of 127748

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.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us