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Author: bobbyowens Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72252  
Subject: ROTH IRA FUNDING Date: 3/17/2000 1:27 PM
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In December of 1999, I became medically ill.
Each year on January 1, I fund my existing Roth IRA.
for that year.
On January 1, 2000, I funded my existing Roth IRA
with $2,000 for the year 2000.
On January 16, 2000, I applied for Social Security
Disability benefits.
By myself not having any earned income for the year 2000, have I created a problem with my Roth or with the IRS? My spouse does have earned income.

bobo
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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 20186 of 72252
Subject: Re: ROTH IRA FUNDING Date: 3/17/2000 1:42 PM
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If your spouse has over $2000 of earned income you should be OK. To contribute to BOTH your IRA and your spouse's own, the spouse needs at least $4000 of earned income. Chris

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