retire2020
Recycles dryer sheets
- Joined
- Sep 22, 2012
- Messages
- 459
I know that you can not contribute more than your earned income in Roth IRA. But what happens for following situation:
- Marrried, DH-53 DW-47
- DW's earned Income: About 6000/year
- DH's earned Income: 0 (Retired)
I think DW will be able to contribute full 5500 in her Roth IRA. But what about DH?
- Can DH also contribute 6500(with Catch Up Contri) in his Roth IRA?
- Does wife's Earned Income need to be >= 12000 in this case to make full Roth IRA contribution for both?
- Marrried, DH-53 DW-47
- DW's earned Income: About 6000/year
- DH's earned Income: 0 (Retired)
I think DW will be able to contribute full 5500 in her Roth IRA. But what about DH?
- Can DH also contribute 6500(with Catch Up Contri) in his Roth IRA?
- Does wife's Earned Income need to be >= 12000 in this case to make full Roth IRA contribution for both?
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