This fall, I recently started a PT job in the school cafeteria. Husband makes enough money to fund both IRA's. I will make approx. $1500 by the end of the year.
We both do monthly contributions into Roth IRA's, me using the spousal IRA allowance. However, does this $1500 cause an issue? I went on the IRA website and tried to read their legal-speak, but couldn't get a firm answer with my example above. All examples use zero SAHM income.
From what I can figure, since my husband makes more than $11K, we should be able to max out both our Roth IRAs (we're in our 30s). Just looking for someone to clarify this thinking is correct.
Thanks in advance!