Is max contribution to Roth IRA limited by earned income? - roth ira maximum contribution
I pay $ 17K in total in 2007, but $ 15K goes to pension plans (most are passive income, so that you can still eat!) Show only $ 2,000 in box 1 of W2 and $ 17K in Table 3, Social Security wages. This is my Roth IRA maximum contribution to only $ 2000, or I can still contribute $ 4,000 limit for both my wife?
Friday, January 22, 2010
Roth Ira Maximum Contribution Is Max Contribution To Roth IRA Limited By Earned Income?
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3 comments:
It is by the amount of income which limits you on your W2, even if you have saved more money elsewhere. https: / / www7.oftnet.com/IRAEligibilityCalc/learnAbout.jsp
Yes, you must have enough income to cover the most important contribution is a maximum yields.
Choose at least two at home about this, although I am and Accounting
Things should be inspected twice a long time when questions
are involved,
Goodlife
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