Comments on: Roth IRA Contribution Limits – Your Earnings, Income and Marital Status Matter

By: John Coktostin

John Coktostin — Wed, 23 Feb 2011 17:17:00 +0000

I definitely think get my roth IRA was one of the smartest things. It’s a great savings Idea and can turn out a nice sum.

By: Michael

Michael — Tue, 02 Nov 2010 01:20:27 +0000

You can set up a spousal IRA. Whether it is pre or post-tax depends on whether he or you are covered by a retirement plan at work. If either is, then your IRA contribution would be post-tax.

By: Angela

Angela — Mon, 01 Nov 2010 14:39:32 +0000

Can my husband invest pre-tax dollars for me if I have an income? He earns around $80,000 per year. I earn around $10,000 per year.

By: Michael

Michael — Tue, 04 May 2010 00:36:46 +0000

@KIm: Check out the table and links here: http://www.irs.gov/publication.....1000230988

By: Kim

Kim — Mon, 03 May 2010 23:57:58 +0000

If the spouse makes the money, but he makes around 175K which is in the range of the partial roth IRA contribution. What is the partial contribution % or how is it determined?

By: Michael

Michael — Thu, 15 Apr 2010 14:38:09 +0000

@Aaron: Absolutely.

By: Aaron

Aaron — Thu, 15 Apr 2010 07:13:48 +0000

My wife is working while I return to graduate school. She will make around $50,000 in 2010 and I will make nothing. Can we make contributions to both her and my ROTH IRA accounts based on her income?

By: Michael

Michael — Wed, 03 Feb 2010 14:30:19 +0000

@Jess: I don’t believe so, other than any part of it that is reported as wages on a W-2 form you receive.

By: Jess

Jess — Mon, 01 Feb 2010 16:39:18 +0000

My husband and I are graduate students so the majority of our income is in scholarship or stipend. Can that count towards “earned income”?

By: Michael

Michael — Fri, 21 Aug 2009 13:40:13 +0000

@Craig: Absolutely. You can contribute $5,000 to your account regardless of the investment and income performance of your previous contributions.