Min.gross income requirement for RIRA

How much gross income do I have to have to maximize a ROTH for myself and my wife (not working), both age 63 for 2016?



You need combined taxable compensation (earned income not gross income) of 13,000 for both of you to make the maximum allowed contribution.  The age 50 catch up provision is included in this figure. Since she will not be working, that means you must earn the 13,000.



Add new comment

Log in or register to post comments