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    Delph1210's Avatar
    Delph1210 Posts: 1, Reputation: 1
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    #1

    Feb 13, 2011, 04:01 PM
    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
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 14, 2011, 10:58 AM

    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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