Tax 2006 - Traditional IRA vs. Roth IRA vs. 401k?

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Tax 2006 - Traditional IRA vs. Roth IRA vs. 401k?

My wife and I will file married jointly for 2006 tax, and I have my 401k deduction from w2 already, my wife will put $4000 to her IRA account too. My question is, can I still open a Roth IRA and put $4000 in it for myself? We both are 33 yrs old, total AGI is around $85,000.

2007-02-13 06:39:02 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

You can have one ROTH IRA per person
So yes, you and your wife can each have one, and it's a GREAT idea.

2007-02-13 06:50:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

I believe you BOTH can have a Roth IRA- but keep in mind you get no deduction for it at this time.

2007-02-13 06:46:46 · answer #2 · answered by nova_queen_28 7 · 0⤊ 1⤋