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Married filing Jointly


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Guest Fran1206
Posted

My wife has a Roth. We are married and file jointly. We can contribute $4000 to a Roth. My question is this. Can these contributions all be sent to to the same Roth?

In other words, does one Roth account handle all $4000 or do we have to set up two different accounts?

Posted

The I in IRA stands for INDIVIDUAL. You each need to have your own INDIVIDUAL account.

Barry

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Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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