No. of Recommendations: 0
Thanks for the prompt replies and for the congratulations (being a Mom is already great!)...but I think I still need clairfication.

Does this mean, that for 1999 we each can put in $2k

Me: $2K Husband: $2K

but for 2000, I put in 0 and my husband puts $4K into his account?

Me: 0 Husband $4K

or...that, in essence we're both just putting $2K into each account like we did for 1999:

Me: $2K Husband $2K

I guess what I'm really asking is: What does it mean to say that my husband "can make a contribution for himself and you" -- each account has our individual names on them (thus the "I" in "IRA") right? Maybe you phrased it that way 'cause my husband is on the only one making the money? Thus -- he's the one making the contribution on my behalf?

Maybe my brain is already turing to mush!

Thanks again--

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.