PDA

View Full Version : Bought a Roth IRA for 08 (single) will marry by end of this year


r7webb
Mar 7, 2008, 09:08 AM
Hi,

I'm single and bought a Roth IRA the first of this year for 08. By the end of this year I will be married, what are my options concerning this particular Roth purchase?

ebaines
Mar 7, 2008, 10:06 AM
One thing to consider is that when you file your 2008 taxes your income must meet the requirements for a Roth purchase. If you will be filing as Married Filing Jointly, your combined AGI must be less than $156K to be able to make a full Roth contribution. If with our husband's salary you exceed this limit, you will need to convert some (or all) of your Roth contribution to a traditional IRA contribution.