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Q: My wife and I have a combined income of about $500,000. I have a savings account of $135,000. Can I contribute $5,000 from the savings account to Roth IRAs?
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A:

It's unlikely. In 2013, a married couple filing taxes jointly cannot make a Roth contribution if their combined income exceed $188,000.

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Important Roth Information

Each year, the IRS updates the rules for Roth IRA. Here are all the details for 2013 & 2014: