MN dhawk Posted March 28, 2011 Report Posted March 28, 2011 Trust fund baby client has lots of interest & dividends, no earned income. His wife has over $12000. I suggest roth contributions of $6000 each. He says I'll just do my own, don't know how long we will be married. Since they got married in 2010, I say how come you married her then? He says she is a really good bass fisherman and can cook them too. Being good at marketing sometimes, I say that I can see his point. His broker told him that you can't do spousal roth contributions like it's a regular IRA. Thanks for your thoughts. Quote
imjulier Posted March 28, 2011 Report Posted March 28, 2011 Do you use ATX? If so, add the IRA/Roth worksheet and enter the contribution for a Roth. Then go to the Roth tab and see if its alllowed. If you follow it through, you'll actually have your answer. Hope this helps. Julie Quote
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