No. of Recommendations: 0
I have a few questions regarding Roth Ira's.

1. I am married and my spouse does NOT work. Can I open up a separate Roth IRA for her? (I already have one). And can I contribute $2000 to both per year?

2. I make approx. $125,000 a year. We file our taxes jointly. Does the $125,000 count for both of us?

3. Does capital gains on stocks outside the IRA, Interest in bank accounts, dividends, etc. count againt our AGI?

4. If and when we fall above the AGI (150,000 - 160,000) for our Roth can we keep them and open up 2 Regular IRA's?

5. Does the Government ever plan on raising the AGI?

Thanks for your time, any input is greatly apprieciated.

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!
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.