kimflournoy writes:married individuals filing separately cannot contribute to a Roth IRA if either has an adjusted gross income (AGI) greater than $10,000FYI, I think you're missing a zero in there... :-) No, Aleph wrote that correctly. The rules for a married person filing separately stipulate that a Roth annual contribution is not allowed when modified AGI reaches $10K. The $100,000 stipulation you're thinking of is for a conversion contribution (i.e., a rollover of a traditional IRA to a Roth IRA).For details, see our IRA Area at http://www.fool.com/money/allaboutiras/allaboutiras.htm and IRS Publication 590 (Individual Retirement Arrangements) available for download at http://www.irs.ustreas.gov/forms_pubs/pubs.html.Regards...Pixy
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra