MFS way to save
If someone is married filing separate and their spouse has a retirement plan, could they make a non-deductible traditional IRA contribution and later convert it to a Roth, as long as they have sufficient earned income?
If someone is married filing separate and their spouse has a retirement plan, could they make a non-deductible traditional IRA contribution and later convert it to a Roth, as long as they have sufficient earned income?
Permalink Submitted by Alan - IRA critic on Thu, 2016-06-09 20:21
Yes. A spousal contribution is not allowed for MFS filers, but for each spouse with enough income earned personally, a back door Roth can be executed.