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-   -   cant contribute to roth if you make more than 160 a yr? (https://gfy.com/showthread.php?t=425515)

ytcracker 02-01-2005 02:34 PM

cant contribute to roth if you make more than 160 a yr?
 
http://www.turbotax.com/articles/Rot...hisBetter.html

Quote:

Married Filing Joint
If your filing status is Married Filing Joint, you may make a full Roth IRA contribution if your adjusted gross income is less than $150,000. If your adjusted gross income is less than $160,000 you may make a reduced contribution.

If your income is higher than $160,000, you?re out of luck ? you can?t make a Roth IRA contribution.
as an aside i chuckled slightly at the "out of luck" bit

whoever typed that must be angsty at the 160k+ers because they only make 9.50 an hour typing stupid web pages


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