You Asked Us - Roth Vs Traditional IRA

Q: My modified adjusted gross income (MAGI) falls within the phase-out range for Roth contribution eligibility? How do I determine the amount I am eligible to contribute?

Q: I am 39 years old, and eligible to make a contribution of up to $ 2,000 to a Roth IRA. Can I contribute the difference to a Traditional IRA?

Q: Can I contribute $4,000 to my Traditional IRA and an additional $4,000 to my Roth IRA?

Q: April 15, 2007 falls on a weekend. What is the deadline to make my IRA contribution for 2006 ?

Q: Can I make my IRA contribution using my favorite stock?

Q: Can I split my IRA contribution between my two Traditional IRAs?

Q: Can I establish a joint-IRA for my wife and me?

Q: What are the income rages for the Saver’s Credit?

Q: Can I claim the Saver’s Credit and still take a deduction for my Traditional IRA contribution?

Q: If I make a contribution to my Traditional IRA and find out that I am ineligible to deduct the amount, how can I have it reversed and contributed to my Roth IRA?

Q: Can I recharacterize only a percentage of the contribution I made to my Traditional IRA?

Q: What is the deadline for recharacterizing my IRA contribution?

Q: How do I calculate the NIA on the amount being recharacterized?

Q: I recharacterized my Roth IRA contribution to a Traditional IRA contribution in December of last year ? Can I have it reversed?

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