No. of Recommendations: 0
It means you can contribute $3000 in 2002 and your spouse can contribute $3000 in 2002. It doesn't matter if you're filing MFJ or MFS.

That's true only to the extent one has the earned compensation to make the full contribution of $3,000 ($3,500 if age 50 or older).

A follow-up to that... for couples filing MFJ, does it still stand true even at the new $3000 limit that one spouse can make contributions also to a non-working spouse's Roth? i.e., I'm a full time student and not working but my wife is. Can she contribute $3000 to both our IRA's as she did when the limit was $2000? I figured it was and tried to check on the IRS website but didn't find anything.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.