Re: Subject: IRA

From: "Steve Foulks" <steve_foulks@up.bresnan.net>
Subject: Re: Subject: IRA
Date: Tue, 19 Jan 1999 11:23:04 -0500

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>From: "Peterson, Dave" <dave.peterson@intel.com>
>Subject: IRA
>
>My wife is a student and does not have a job.  Can she open an IRA account?
>If so, can it still be done for 1998?

Absolutely,

Assuming that you had $4,000 in earned income as a couple.  You can each put
$2,000 into an IRA until April 15, 1999 for 1998.  Your choice of IRA type
should be a Roth IRA unless you predict much lower tax rates when you
retire.


Steven M. Foulks, CPA, CFP, PhD       
http://www-instruct.nmu.edu/business/sfoulks/
or http://hitchhiker.nmu.edu/Foulks/

email: steve_foulks@up.bresnan.net <mailto:steve_foulks@up.bresnan.net>



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