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.

 


Feb 9

 I currently am a stay at home mom. We are considering converting my traditional IRA to a Roth IRA while at a lower tax bracket. However when I start back to work in a couple of years, we will be above the $176K AGI to make contributions to the Roth.
What are our options then? The Roth still grows, we just can’t contribute. Can we then open an additional Traditional IRA or is there a better option? Or should we not make the conversion?


Feb 9

 When is the deadline for converting a traditional IRA to a Roth IRA for tax year 2009?


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