Taxpayer with adjusted income of $149,000 has a Simple IRA from his company for 2005.
Can he also purchase a Roth IRA for himself and non-working spouse?
Can he also purchase a Roth IRA for himself and non-working spouse?
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Originally posted by R & A
Yes . Limitation is $150000- $160000. Based on modified AGILast edited by Brian EA; 04-01-2006, 01:04 PM.Everybody should pay his income tax with a smile. I tried it, but they wanted cash -
Yes 2 Roth IRA's
His AGI is 149k then he can make a Roth IRA contribution for himself and his spouse.
He could do a Roth for himself and, if spouse is not covered by a plan, a deductible traditional IRA for her.
MattI would put a favorite quote in here, but it would get me banned from the board.Comment
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Just curious
Brian, Why do you quote everything - the question is right there we know what your responding to?Comment
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I just dont want to forget the question while I am typing my answer.Originally posted by Unregistered
Let's say it is just a bad habit.Everybody should pay his income tax with a smile. I tried it, but they wanted cashComment
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