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We've only put in about $6k to date but it all went into accounts where I am the owner of record. My wife is identified as the beneficiary on the accounts but I suppose whatever reporting is made to the government is under my SS#. Is this not a big deal or is it going to matter that my limit is $4k and then anything over that needs to be put in accounts in my wife's name, or into accounts where we are officially joint owners?

Yes, it's a problem. There are no joint IRA accounts, and for a person under 50 12/31/2007 the limit is $4,000.

We just had a thread on what your options are when you have an excess contribution.

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