No. of Recommendations: 0

<<What is the income cut off for the contribution? >>

Sorry, I forgot that part. There is no income limit for the contribution, only for the deductibility of that contribution. Because she is not participating in a retirement plan through active employment, you may fully deduct a contribution to a traditional IRA until your joint AGI exceeds $150K. She can deduct part until your AGI reaches $160K, and after that nothing. She may make a nondeductible contribution regardless of your AGI, and for that purpose a Roth is best.

For more on IRAs, 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.