BoodaGazelle
Recycles dryer sheets
- Joined
- Mar 1, 2017
- Messages
- 284
For the last 5 years before I retired, I had been happily taking advantage of the ability to put in $6500 to both DW and my Roth IRA accounts. This year, without thinking, I put in the same, then I realized (probably after reading something here), that with no W2 income I could not contribute. So I had Fidelity help me undo my contribution (DW will have about $12K of W2 income).
Next, two things happened. First, I remembered that I did receive a bonus check from my 2017 employment that will look like W2 income, in the amount of $3000. Next, we met with our Fidelity rep yesterday, and he said that I could have still done my $6500 because, since we file jointly, our total W2 income will exceed the $13K combined amount needed.
Does anyone else agree that this is the case? If so, I will put back in my $6500, but at a minimum, I will put in my $3000.
Thanks,
Bood
Next, two things happened. First, I remembered that I did receive a bonus check from my 2017 employment that will look like W2 income, in the amount of $3000. Next, we met with our Fidelity rep yesterday, and he said that I could have still done my $6500 because, since we file jointly, our total W2 income will exceed the $13K combined amount needed.
Does anyone else agree that this is the case? If so, I will put back in my $6500, but at a minimum, I will put in my $3000.
Thanks,
Bood