Comments on: Calculating Your Roth IRA Maximum Contribution http://rothiraexplained.com/calculating-your-roth-ira-maximum-contribution.html Everything And More About Roth IRAs Thu, 12 Nov 2009 17:32:06 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Roth IRA http://rothiraexplained.com/calculating-your-roth-ira-maximum-contribution.html/comment-page-1#comment-170 Roth IRA Fri, 17 Apr 2009 12:24:24 +0000 http://rothiraexplained.com/?p=23#comment-170 You guys are right! My math was reversed, I've fixed the original equation. You guys are right! My math was reversed, I’ve fixed the original equation.

]]> By: Jon Sorensen http://rothiraexplained.com/calculating-your-roth-ira-maximum-contribution.html/comment-page-1#comment-169 Jon Sorensen Sun, 05 Apr 2009 23:23:53 +0000 http://rothiraexplained.com/?p=23#comment-169 John is exactly right. The example shown is incorrect. The math makes absolutely no sense at all. If your AGI is $102,050 you can only contribute $350?... I know where I WON'T be going to for any ROTH IRA information in the future. John is exactly right. The example shown is incorrect. The math makes absolutely no sense at all. If your AGI is $102,050 you can only contribute $350?… I know where I WON’T be going to for any ROTH IRA information in the future.

]]> By: John http://rothiraexplained.com/calculating-your-roth-ira-maximum-contribution.html/comment-page-1#comment-167 John Thu, 12 Mar 2009 00:53:40 +0000 http://rothiraexplained.com/?p=23#comment-167 I don't get it. If your AGI is 107K, you have a smaller max. Math doesn't make sense. I don’t get it. If your AGI is 107K, you have a smaller max. Math doesn’t make sense.

]]> By: Todd http://rothiraexplained.com/calculating-your-roth-ira-maximum-contribution.html/comment-page-1#comment-165 Todd Fri, 13 Feb 2009 20:24:38 +0000 http://rothiraexplained.com/?p=23#comment-165 My wife and I fall into the phaseout MAGI range. She has been contributing all year as if we didn't, I have not. But when I use TurboTax online, even though I only contributed $1000 it warns that her contributions are over the limit. Is this right? Together we are currently under the limit (I think it is like $3200 each for us). So $5000 in hers and $1000 in mine isn't over $6400. Can the rule work that way? i.e. just don't bust the combined limit together? Or are we separately limited to $3200 each no matter what and she has to re-characterize her excess? Thanks. My wife and I fall into the phaseout MAGI range. She has been contributing all year as if we didn’t, I have not. But when I use TurboTax online, even though I only contributed $1000 it warns that her contributions are over the limit. Is this right? Together we are currently under the limit (I think it is like $3200 each for us). So $5000 in hers and $1000 in mine isn’t over $6400. Can the rule work that way? i.e. just don’t bust the combined limit together? Or are we separately limited to $3200 each no matter what and she has to re-characterize her excess?

Thanks.

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