pingilipkr
Jan 19 2004, 05:46 PM
Me and my wife both work and have an AGI under 150K. We are planning to set up Roth accounts. Is the $3000 limit to contributions a combined limit or can each of us contribute $3000 for a total of $6000?
JAMES PATRICK
Jan 19 2004, 08:41 PM
The "I" in IRA is for individual, so you both can contribute $3000 to your own Roth, unless you or spouse are over 50, then it is $3500.