Message Font: Serif | Sans-Serif
No. of Recommendations: 0

What are some of the good ways to reduce one's AGI so not to exceed the Roth IRA contribution phase out limit at $150k for join filer?

My wife and I have already max out on our 401k of $14k each person for 2005. But wife is expecting certain company bonus that may very well put us slightly above the $150k limit. I also max out the contribution to my company's pretax transit check.

I hoped I had posted on the right board.


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.