Guest Ken Posted December 10, 1998 Posted December 10, 1998 We married in 1995 and have been filing separate returns since then because the tax burden is lower. I understand to qualify for a Roth we have to file a joint return. I anticipate that by the end of 1998, our AGI will be just under $100,000 but it will likely exceed that in 1999 and thereafter. I have a traditional IRA that has only about $26,000 in it; my wife has an IRA but I do not know its value. Would we have to file a joint return for 1998 income to be eligible for a Roth? If so, we will pay more in taxes. Would we then be better off converting already existing traditional IRAs to Roths or keeping the traditional ones, stop making contributions and open new Roths? By the way, my IRA was opened when they first started and the contributions were deductable. I made contributions to it in 1997 and 1998 but they were not deductable. What to do, what to do?
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