HeftyDude writes (in part):MFJ's that fall in the phaseout range, are their limits collective for all accounts combined or is the limit split between each account?I reply:There's no such thing as a $7,000 limit. As you'll see from the appropriate publication, the phase-out range applies to each individual's Roth IRA. So if you're one-eighth of the way into the phase-out range, the limit for Roth contributions is $3,500 to each account. --Bob
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