Reply to SAHMs, how much money do you have in your own name that is not joint?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP: I assume your 401k is rolled over to an IRA at place like Fidelity or Vanguard.

Wherever, go to their website. 
Transfer $10,000 to your IRA account (from one of your joint accounts) and click "make a ROTH contribution for 2016". 
Open a ROTH account and transfer $5000 to it (today or any day before April 18, 2017) for 2016. 
Then repeat the process for 2017 (today or any day before April 16, 2018).

Then every January contribute the max allowable.

[b]Every non income-earning spouse should be doing this every year[/b]! [/quote]

This just makes good financial sense (no judgment about marriage necessary). [/quote]

Not everyone has that kind of money. [/quote]
Obviously, if you don't have $5,500 then this plan won't work for you. [/quote]

OP here. I just moved over $11,000 to my IRA - $5500 for 2016 and $5500 for 2017. It's a start.[/quote]

How is this possible? Would you not file a joint tax return? The Phase-out starts at $184,000; ineligible at $194,000 to contribute into a Roth. 
Makes me wonder why they wouldn't file jointly with a SAHM. [/quote]

That is for ROTH IRAs, regular IRAs do not have that limit. [/quote]

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