Tuesday, January 5, 2010

Traditional Ira Rules Roth Or Traditional IRA Help Please?

Roth or traditional IRA help please? - traditional ira rules

My wife is a housewife, she has no income. You can always money in an IRA? They are different rules in the case of a traditional or Roth IRA? Is it important that I (her husband) have a 401K at work? Are there any annual limits? I think I could of money in my name, is not so sure he wants to do that. Without the reference material out there? Thanks for any help.

1 comments:

the tax lady said...

Go to irs.gov and use the publication 590th
During one of you works, you can put money into an IRA in your name.

Yes, there are annual limits (mainly, because * not * have a 401K).

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