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 »

Can I Contribute the Maximum to Both a 401(k) and a Roth IRA?

Roth individual retirement accounts and 401k retirement savings plans share a common purpose: to encourage people to save for retirement. Employers sponsor 401k plans, while individuals administer... Read More »

Can you contribute to both Roth& traditional iras?

The Internal Revenue Service allows you to contribute to both Roth and traditional IRAs in the same year. However, the contribution limit is cumulative for the two accounts, so each $1 that you con... Read More »

Can a husband and a wife both be trustees of the same condominium?

The answer depends on what's written in your governing documents. As well, if the husband and wife own the same condominium unit, voting is problematic, since usually only one vote per 'door' is pe... Read More »