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Subject:  Re: ira/roth ira Date:  12/8/2004  11:17 AM
Author:  reallyalldone Number:  43468 of 98546

I recently retired and was rehired making the same salary (88K) and my retirement check comes monthly at 6K. Can I invest in IRA or Roth IRA or is my income too high? Do I even want to deal with tax issues with these things? My inclination is to just stash the cash for now. What say you fool?

IIRC, you can contribute to a Roth IRA completely if your AGI is underneath 95k, so you definitely qualify for that.

Maybe I'm misunderstanding the original post but 88K +(6K*12) = 160K by my calculations. That's out of range for Roth IRA contributions - even if married.


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