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-   -   Roth Limits (https://www.askmehelpdesk.com/showthread.php?t=554131)

  • Feb 13, 2011, 04:01 PM
    Delph1210
    Roth Limits
    I earned $60,000 last year,my wife $2,100.
    I have already contributed $2,500 into each, of our Roth accounts for 2010.
    Did I exceed the limit on my wife's account, since it's more than she earned ?
    If so, how do I undo this msitake ?

    Thanks, Steve
  • Feb 14, 2011, 10:58 AM
    ebaines

    No problem - as long as you file jointly you are each able to contribute up to $5K to your IRAs (or $6K if you are age 50 or older) as long as the total of both your contributions does not exceed the total of your earned incomes.

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