Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
She is a full-time mom with no earned income, and due to the fact that she has a great (but closed to new investors) mutual fund in her ROTH account, I would REALLY like to add to it.

I know one of the requirements of the ROTH is that you must have earned income, but does that apply if you file married/jointly (I do have earned income)? Why would it matter? I also think I saw mention that there is a way around this.

Any help appreciated.

Thanks
Print the post Back To Top
No. of Recommendations: 1
She is a full-time mom with no earned income, and due to the fact that she has a great (but closed to new investors) mutual fund in her ROTH account, I would REALLY like to add to it.

I know one of the requirements of the ROTH is that you must have earned income, but does that apply if you file married/jointly (I do have earned income)? Why would it matter? I also think I saw mention that there is a way around this.

-----------------

This Fairmark Press piece should give you the answers you are looking for:

http://www.fairmark.com/rothira/spousal.htm

Regards,
Bill
Print the post Back To Top
No. of Recommendations: 0
Awesome! Thanks SO much...

Print the post Back To Top
Advertisement