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#3
03-14-2005, 01:48 AM
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 Re: Maximum contribution to one Roth IRA for married couple? "Timur Tabi" <nospam_timur[at]tabi.org> writes: - quote - > In 2005, the maximum Roth IRA contribution is $3,000 per
No, you can't.> person. My wife and I each have a Roth IRA, and we file > jointly. Can I contribution $6,000 to her Roth IRA, if I > don't contribute any to mine? - quote - > I'm guessing the answer is no, and I would have to put $3K
Correct.> into my Roth and another $3K into hers, if I want to save > $6K total. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
03-14-2005, 01:29 AM
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| Re: Maximum contribution to one Roth IRA for married couple? "Timur Tabi" <nospam_timur[at]tabi.org> wrote: - quote - > In 2005, the maximum Roth IRA contribution is $3,000 per
Your answer is correct: No.> person. My wife and I each have a Roth IRA, and we file > jointly. Can I contribution $6,000 to her Roth IRA, if I > don't contribute any to mine? > I'm guessing the answer is no, and I would have to put $3K > into my Roth and another $3K into hers, if I want to save > $6K total. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
03-14-2005, 01:10 AM
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| Re: Maximum contribution to one Roth IRA for married couple? Timur Tabi wrote: - quote - > In 2005, the maximum Roth IRA contribution is $3,000 per
Your assumption is correct. However, the 2005 amounts are a> person. My wife and I each have a Roth IRA, and we file > jointly. Can I contribution $6,000 to her Roth IRA, if I > don't contribute any to mine? > I'm guessing the answer is no, and I would have to put $3K > into my Roth and another $3K into hers, if I want to save > $6K total. maximum of $4000 per individual or $4500 if at least age 50 in 2005. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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03-13-2005, 11:34 PM
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| Re: Maximum contribution to one Roth IRA for married couple? "Timur Tabi" <nospam_timur[at]tabi.org> wrote: - quote - > In 2005, the maximum Roth IRA contribution is $3,000 per
The limit is per person, and it's $4,000 in 2005. See> person. My wife and I each have a Roth IRA, and we file > jointly. Can I contribution $6,000 to her Roth IRA, if I > don't contribute any to mine? Publication 590. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-12-2005, 01:38 PM
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| Maximum contribution to one Roth IRA for married couple? In 2005, the maximum Roth IRA contribution is $3,000 per person. My wife and I each have a Roth IRA, and we file jointly. Can I contribution $6,000 to her Roth IRA, if I don't contribute any to mine? I'm guessing the answer is no, and I would have to put $3K into my Roth and another $3K into hers, if I want to save $6K total. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| contribution, couple, ira, married, maximum, roth |
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