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#1
02-27-2009, 05:05 PM
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 Re: non-deductable IRA? sailor1x[at]hotmail.com wrote: - quote - > I'm 59 y/o and have a pension plan at work, maxed out 401K and
If you're married, your spouse could.> Roth IRA contributions, AGI <80K. I'm retiring and this could be my > last year of earned income. Can I fund a non-deductable IRA for $6000 > or more? But the IRA limit is the IRA limit. If you add money to both a Traditional and Roth IRA, you can't exceed the annual contribution limit for the two combined. -Tad |
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02-27-2009, 12:21 PM
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| Re: non-deductable IRA? sailor1x[at]hotmail.com wrote: - quote - > I'm 59 y/o and have a pension plan at work, maxed out 401K and
No. Total IRA contributions can't exceed $6000 for you. You said you> Roth IRA contributions, AGI <80K. I'm retiring and this could be my > last year of earned income. Can I fund a non-deductable IRA for $6000 > or more? maxed out the Roth. You're done. Joe |
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#-1
02-27-2009, 11:42 AM
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| non-deductable IRA? I'm 59 y/o and have a pension plan at work, maxed out 401K and Roth IRA contributions, AGI <80K. I'm retiring and this could be my last year of earned income. Can I fund a non-deductable IRA for $6000 or more? |
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