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MAGI 194,414 and Backdoor Roth question
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Topic: MAGI 194,414 and Backdoor Roth question (Read 914 times)
jamesbond007
Pencil Stache
Posts: 754
Location: USA
One penny at a time.
MAGI 194,414 and Backdoor Roth question
«
on:
March 04, 2017, 05:49:22 PM »
My MAGI is $194,414 and wife has no income (full time mom). So I will do a backdoor Roth IRA this week, but can I do it for the wife too? I figured I have $10,414 more than the limit for her full IRA deduction :(
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shuffler
Pencil Stache
Posts: 572
Re: MAGI 194,414 and Backdoor Roth question
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Reply #1 on:
March 04, 2017, 06:57:09 PM »
Probably, yes.
http://www.investopedia.com/articles/retirement/03/021903.asp
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MAGI 194,414 and Backdoor Roth question