Question for the Money Doctors
Question submitted on Jan 21, 2011.
QuestionIs there an upper income limit after which you can't contribute to a Roth IRA? (TEST)
yes, for a married couple filing jointly, the ability to make a Roth contribution is phased our for income between 167k to 177k for 2010. For 2010 anyone over 177k cannot make a Roth IRA contribution. However, they could make a non-deductible traditional IRA contribution and then convert it to a Roth IRA.
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