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http://boards.fool.com/roth-question-24456422.aspx
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| Subject: Roth Question | Date: 8/11/2006 11:38 AM | |
| Author: 5MinMajor | Number: 53092 of 72254 | |
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I have been looking at opening Roth IRAs for my wife and I. I have yet to find a definitive answer (or at least be smart enough to figure out the answer) on what exactly is the $160K limit. With salaries and investment income taken into consideration - we make over $160K/yr. However, if you take out the pre-tax contributions to our retirement plans, mortgage interest deductions, child related deductions, pre-tax FSA and health-insurace, etc... then our reportable income on the 1040 is much lower.... .... do we still qualify for a Roth? Major - tax code confused |
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