Can both husband& wife contribute $5000 to a Roth IRA?

Answer Both husband and wife can contribute up to $5,000 to a Roth IRA. If either spouse is 50 or older, the cap is raised to $6,000. Spouses can both contribute to a Roth IRA as long as one spouse works ... Read More »

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Can my husband contribute to my Roth IRA?

Your husband can contribute to your Roth IRA. IRS Publication 590 states that that your household modified adjusted gross income must be less than $176,000. Contributors should also note that there... Read More »

Are you related to your husband's brother's wife and husband's sister's husband?

These people are part of your extended family. They are not related by blood to you and there is no simple word for the relationship. They are your husband's sister-in-law and brother-in-law, of co... Read More »

Can I contribute to a SEP IRA& a Roth IRA?

It is possible to contribute to both a Roth IRA and a SEP IRA. Contributions to a SEP IRA are considered elective deferrals. Elective deferrals are contributions made to an employee’s plan, at th... Read More »

How to Contribute to a Roth IRA?

As long as you or your spouse works, you can contribute to a Roth IRA. It’s almost as simple as that. Fewer limits and restrictions make it easier to contribute to a Roth IRA than to a traditiona... Read More »