Yes, to both questions. Yes, in spite of your income, you and your wife may each open traditional IRA accounts and each of you may contribute $2K to his or her own account in 1999, and again in 2000 and every year thereafter--as long as you have earned income. The contributions will not be tax deductible, but the earnings on the accounts will be tax deferred--no taxes until withdrawn from the account according to the rules--usually at age 59-1/2.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra