The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: IRA Help||Date: 12/4/2002 1:50 PM|
|Author: splotto||Number: 35288 of 75807|
**CROSS POSTED TO TAX BOARD**
I need some advice from the tax guru's.
My wife and I started IRA's this year. I have a 401k here at work, so I started a ROTH. She doesn't so I started a classic IRA for her. In December she will be able to participate in a 401k at her office. Our combined income is about $145k per year.
The way I figure it, we are fast approaching ineligibility.
Should I convert her IRA to a ROTH? Should I stop putting money into it and open another ROTH for her?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|