Mar 3

My Wife and I are over 70 years. At present my wife is employed.For the last twelve years we have been contributing yearly, the maximum amount allowed,to the Roth IRA. My wife is retiring end of April,2012.

My question is, how much maximum amount we can contribute to the Roth IRA for the year 2012, since my wife will be employed for 4 months only.

 


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  • WAG_Newsletter Said on April 29th, 2013 at 8:36 am:

    Distributions from Roth IRAs are completely tax free as long as you meet two basic requirements. Your first Roth IRA contribution was…

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