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OK, I really have spent the past 90 minutes trying to find a definitive answer to this question on my own, but I give up, so here goes: I am married and don't usually work (when I do the income doesn't amount to much). My husband's base income is $135,000 this year, but his bonus will probably push him over the magic $150,000 mark. Next year, his base will probably be over that mark by itself. Now, I understand (I think) that if you make over $150K you cannot deduct contributions to your IRA, and you can't have a Roth IRA at all (please correct me if I am wrong). But can you at least have a non-deductible IRA no matter what your income? If I understand all of this right, even if he makes $150K, we can still contribute $4,000 of after-tax money each year to an IRA, and we won't have to pay any taxes on the earnings until we withdraw the money. Right?

Now, to complicate things, I've seen this qualification many times: as long as you are not enrolled in a retirement plan at work. Does a 401K count? We contribute the maximum to my husband's each year.

And, just for fun, let's say that, with a base salary of $135K, we open an IRA, but in future years his salary goes up above $150K. How does this affect our IRA?

I have been to more places on the Fool site than I can list, and have found partial answers to these questions, but if anyone can send me to a place that would give me a definite answer, I would appreciate that as much as your own explanation.
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