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URL:  http://boards.fool.com/kimflournoy-writes-married-individuals-filing-19530606.aspx

Subject:  Re: Roth IRA Marriage Penalty!! Date:  9/2/2003  2:08 PM
Author:  TMFPixy Number:  37083 of 76237

kimflournoy writes:

married individuals filing separately cannot contribute to a Roth IRA if either has an adjusted gross income (AGI) greater than $10,000

FYI, I think you're missing a zero in there... :-)


No, Aleph wrote that correctly. The rules for a married person filing separately stipulate that a Roth annual contribution is not allowed when modified AGI reaches $10K. The $100,000 stipulation you're thinking of is for a conversion contribution (i.e., a rollover of a traditional IRA to a Roth IRA).

For details, see our IRA Area at http://www.fool.com/money/allaboutiras/allaboutiras.htm and IRS Publication 590 (Individual Retirement Arrangements) available for download at http://www.irs.ustreas.gov/forms_pubs/pubs.html.


Regards...Pixy
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