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Author: IndecisiveFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76241  
Subject: Re: Roth IRA Contribution Question Date: 4/19/2007 9:33 AM
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Since your wife no longer has earned income, she can no longer participate in the Roth.

That would be incorrect. From page 58 of Publication 590:

Can you contribute to a Roth IRA for your spouse?
You can contribute to a Roth IRA for your spouse provided the contributions satisfy the spousal IRA limit discussed in chapter 1 under How Much Can Be Contributed, you file jointly, and your modified AGI is less than $160,000.

http://www.irs.gov/pub/irs-pdf/p590.pdf

The modified AGI listed above is for 2006. It increased to $166,000 for 2007.

IF
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