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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Roth and Soc. Sec. Date: 12/16/1998 9:02 PM
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[[We currently have a 401-K account at work. I am considering opening a Roth IRA for myself and
my wife. My wife has taken early retirement due to disability. She currently receives Social
Security, disability income from an insurance policy and early retirement pension income. I am fully
employed. Does any of my wife's income prevent us from using the $4000/yr Roth contribution?]]

Nope. Part of her Social Social (up to 85%) may be subject to income taxes, based upon your total income. But simply receiving SS benefits, or annuity benefits, or any other type of benefits will not impact your ability to make a Roth IRA contribution.

The only restrictions regarding Roth IRA contributions is the earned income limitation and the AGI limitation. You can read more about those limitations in my series of posts on the Roth IRA in the Taxes FAQ area. You might want to check it out.

TMF Taxes
Roy

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