The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/greetings-jennifer-and-welcome-you-wrote-11910178.aspx

Subject:  Re: Spousal IRA limit Date:  2/1/2000  5:44 PM
Author:  TMFPixy Number:  18589 of 105396

Greetings, Jennifer, and welcome. You wrote:

<<I work and my husband is a full time student. He has had no income for several years while in school. I have contributed $2000 for my Roth IRA and $2000 for his as a spousal IRA. He is now earning a small income for tutoring. He probably will not earn $2000 this year. Can I still contribute $2000 to his Roth IRA, or is it now limited to whatever his actual compensation is?>>

As long as you have a joint AGI of $4K or more, you may both contribute $2K to your IRAs. The fact that he makes less than $2K will not matter.

Regards..Pixy
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us