Greetings, Cami72, and welcome. You asked:<<As a self-employed individual I am very interested in making contributions to a Roth IRA and know about the $2,000 limit. My question is this: can my husband also contribute $2,000 to his own Roth IRA if he already participates in a 401(K) plan through his employer? If so, would that $2,000 affect his maximum contribution to the 401(K)?Married filing jointly, we fall well within the $150-$160K income limit. While I don't see it happening in the near future, what happens with the Roth IRA(s) if we eventually exceed that limit?>>Yes, your hubby may paricipate in his 401k and have his own Roth IRA, too. His $2K contribution to a Roth will not affect his 401k plan contributions in any way.All that happens when your joint AGI exceeds $160K is you may no longer contribute to a Roth IRA. What's already there may stay there. BTW.., Even if you can't contribute to the Roth, you can always contribute to a nondeductible traditional IRA as long as you have the earned compensation to do so and you're younger than age 70 1/2.Regards..Pixy
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