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
![]() |
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
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.
All times are GMT -7. The time now is 05:08 AM. |