Re: IRA

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: IRA
Date: Tue, 19 Jan 1999 19:12:08 -0500

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>My wife is a student and does not have a job.  Can she open an IRA account?

Yes, as long as you have earned income.

The rule is that the requirement that one have earned income to
make IRA contributions can be satisfied by using the earned income
of a spouse in addition to (or instead of) your own.

So if you have at least $4000 of earned income between the two of
you (even if you're the only one who earns it), you'll each be able to
make full $2000 contributions to your IRAs.

>If so, can it still be done for 1998?

Yes, until 4/15/99.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.2

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