J
JJ
I read a small article about a Roth IRA for a non-working spouse. In
summary, it said you can contribute the $5000 max for your non-working
spouse if:
I have income of more than $10,000 ($5k for each of us) and our AGI is below
$150,000.
Am I reading that correct?
We haven't been able to contribute for a number of years because we both
worked and our income was too high, but she now retired. However, we were
able to open Roths for the first 5 years they were in existence, can this
contribution co-mingle with the old Roth money or do I need to keep it
separate?
Thanks,
Joe
summary, it said you can contribute the $5000 max for your non-working
spouse if:
I have income of more than $10,000 ($5k for each of us) and our AGI is below
$150,000.
Am I reading that correct?
We haven't been able to contribute for a number of years because we both
worked and our income was too high, but she now retired. However, we were
able to open Roths for the first 5 years they were in existence, can this
contribution co-mingle with the old Roth money or do I need to keep it
separate?
Thanks,
Joe