Who is allowed to contribute to a Fort Washington Savings Company IRA?
• Traditional IRAs – If you have earned income during the year, you can contribute to a Traditional IRA. However, you are not allowed to contribute to a Traditional IRA for the tax year in which you reach age 70½ or for any year after that time. Before you open or make contributions to an IRA, be sure to consult with your tax advisor to consider any possible tax implications. • Roth IRAs – If you have a modified adjusted gross income below $120,000 as a single taxpayer or $176,000 as a married couple filing jointly for the tax year 2009, then you can contribute to a Roth IRA. However, before you open or make contributions to an IRA, you should consult with your tax advisor to consider any possible tax implications.
Related Questions
- How long does it usually take for Fort Washington Savings Company to receive my IRA rollover funds from my current financial institution or employer?
- What is the maximum annual amount I can contribute to a Fort Washington Savings Company IRA?
- Who is allowed to contribute to a Fort Washington Savings Company IRA?
