No. of Recommendations: 0
Greetings, PseudoTonal, and welcome. You wrote:

<<I will have $62,000 income for 1999 ($58,000 income and $4000 from rolling over a traditional IRA into my wife's Roth). My wife has $0 income. I contribute 15% to my 401k, but only started this in October. My broker says I cannot contribute to my Roth IRAs since I make over $30,000 and contribute anything at all to a 401k.

This sounds wrong. I believe that I may contribute fully to both IRAs and fully to my 401k.>>

It is wrong. Fire the broker. You may still contribute to your Roth IRA. Further, you may do so for your spouse's Roth IRA as well. In fact, you may contribute a fully deductible $2K to a traditional IRA for your spouse should you so desire. For details, see our IRA area at



Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.