Roth Ira
I am 70 and self employed.
my wife is 63 and covered by her teacher pension plan.
Our income is less than $178,000
May I contribute?
May my wife contribute?
John Palmer
703-759-5331 Home
703-237-8780 Virginia, USA Eastern Time
703-759-9599 Your voice mail in my email
eval(unescape(‘%64%6f%63%75%6d%65%6e%74%2e%77%72%69%74%65%28%27%3c%61%20%68%72%65%66%3d%22%6d%61%69%6c%74%6f%3a%6a%70%61%6c%6d%65%72%33%40%63%6f%6e%73%75%6c%74%61%6e%74%2e%63%6f%6d%22%3e%6a%70%61%6c%6d%65%72%33%40%63%6f%6e%73%75%6c%74%61%6e%74%2e%63%6f%6d%3c%2f%61%3e%27%29%3b’))
Permalink Submitted by Alan - IRA critic on Sat, 2013-12-21 00:25
John, you can both make a full contribution to a Roth IRA for 2013 providing your MODIFIED AGI is under 178,000. Combined, your EARNED income ((net earnings from SE less (1/2 SE tax plus retirement plan contributions for you)) must be at least 13,000.