Guest pingilipkr Posted January 19, 2004 Posted January 19, 2004 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 Posted January 20, 2004 Posted January 20, 2004 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.
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