The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: education Ira Date:  1/8/2002  12:50 PM
Author:  pmarti Number:  56916 of 129252

Unfortunately for me there are phase out limits for contributions, just like regular IRAs.

Unlike regular IRAs, the person making the contribution doesn't have to have any income. If you're worried about the phaseout for the contribution, give the money to someone who isn't in that situation, perhaps the Ed IRA beneficiary, and let that person make the contribution.

Phil Marti
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us