nbellinger
Confused about dryer sheets
Hi everyone, brand new to the forum, and fairly new to planning for retirement.
This is probably a very dumb question for those of you on this forum, so I'll ask for forgiveness first...
My question is about the Roth IRA income eligibility- what I am reading says that if you file taxes 'married filing jointly', then your MAGI must be below a certain number (178k for 2013) for you to be able to contribute the full amount. My question is, is that number (178k) MY income, or the couples combined income?
As I understand it, and correct me if I am wrong, the Roth IRA is an individual account (not a joint account).
This is probably a very dumb question for those of you on this forum, so I'll ask for forgiveness first...
My question is about the Roth IRA income eligibility- what I am reading says that if you file taxes 'married filing jointly', then your MAGI must be below a certain number (178k for 2013) for you to be able to contribute the full amount. My question is, is that number (178k) MY income, or the couples combined income?
As I understand it, and correct me if I am wrong, the Roth IRA is an individual account (not a joint account).