|
#1
04-06-2004, 11:17 PM
| |||
| |||
 Re: Is income requred to open IRA? YES. IF YOU MEET CERTAIN INCOME LIMITATIONS YOU CAN CONTRIBUTE TO A SPOUSAL ROTH IRA UP TO THE ALLOWED MAXIMUM ($3,000, $3,500 IF SHE'S OVER 50) Subodh123 wrote: - quote - > My wife does not work and has no income at all. Can she still open an IRA? I > will contribute into it from my checking acct. > Thanks. |
|
03-05-2004, 09:38 PM
| |||
| |||
| Re: Is income requred to open IRA? "Subodh123" <subodh123[at]hotmail.com> wrote in message news:104hcesrcm9s5d2[at]corp.supernews.com... - quote - > My wife does not work and has no income at all. Can she still open an IRA?
Contributions to an IRA account are based on EARNED income. Fortunately, aI > will contribute into it from my checking acct. > Thanks. nonworking spouse can use the wages of a working spouse to qualify to make contributions to an IRA. Gene E. Utterback, EA |
|
#-1
03-05-2004, 05:52 PM
| |||
| |||
| Is income requred to open IRA? My wife does not work and has no income at all. Can she still open an IRA? I will contribute into it from my checking acct. Thanks. |
| Tags |
| income, ira, open, requred |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Trade income and losses in Monthly Income and Expenses jerrydy: Is there any way I can get the "Monthly Income and Expenses" report show the income (and loss) I make trading stocks? | Microsoft Money | 5 | 05-17-2005 05:27 PM | |
| HOW TO MAKE INCOME CHANGES IN BUDGET PLANNER WITHOUT CHANGING PAST INCOME Susan: OK, it;s getting close to that time of the year again and I need help! Every winter our income dips drastically (almost in half), how can I have... | Microsoft Money | 2 | 09-17-2004 01:19 AM | |
| Money 2003 Open Error: "Cannot open EULA, reinstall Money" KB: Microsoft Money 2003 Standard came with my Dell computer that I bought back in December 2003. First time that I tried to open Money03 today, I... | Microsoft Money | 2 | 05-06-2004 01:14 PM | |
| Q: Is non-US citizen with Green Card still required to fill out Foreign Earned Income Exclusion Form 2555 for FE income? Jim: I found lots of replies on USENET about a US citizens obligation to declare foreign earned income but i'm not sure what my situation is as I am a... | Taxes | 1 | 01-28-2004 05:07 PM | |
| 1099 MISC - SE Income?--Grant Income Cathy: Prospective clients asked me to review their income tax situation for 2003 and their income tax return from 2002. In reviewing the 2002 return, I... | Taxes | 2 | 09-08-2003 02:49 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
