UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: GPSpilot One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75810  
Subject: Question:Newlyweds want to increase contribution Date: 3/31/2000 3:56 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
After reading through all of TMF's IRA articles, here's a question that's still unanswered.

I got married late in 1999. I have had a traditional IRA for several years but my wife has none. I know we can collectively now contribute $4000 per year as opposed to my $2000 in the past, but how exactly do we do this?

A) Just send $4000 to my existing account this time, no changes required.

B) I'm required to add my wife's name to the account before I can contribute $4000, or

C) We must open a second account in her name, and send $2000 to each account.

(A) would be the easiest solution, and (C) the hardest to manage. Hmmm, why do I have a sneaking suspicion the answer is (C)? :)

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.