The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Housewife and IRAs||Date: 3/4/2004 3:11 PM|
|Author: agg97||Number: 39670 of 74759|
Can we contribute $3000 to my wife's IRA (a roll-over IRA from her previous job)? Is it deductible? OR contribute to a ROTH IRA in her name?
You can only contribute to her IRA if she had earned income last year. You can contribute up to the total gross earned income, or $3,000, whichever is smaller.
In addition, can we contribute $3000 to my Roth IRA?
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|