Were you eligible to contribute to a Roth IRA in 2014?

[AAM2012]

Should say I assume we are but I think we are borderline this year so I guess I'll wait till we do our taxes.

[cjeanette]

I doubt we will ever be to the point where we can't. I doubt we even hit the phase out point.

[tacom]

yes, one of the benefits of not being married yet.

I should be able to contribute again in 2016 (assuming FI stops working this fall to go back to school).

[Deleted]

Yep! Not that it matters - I didn't contribute to one

[Deleted]

Nope, not since the first year we were married.

[kadams767]

I'm not sure yet, waiting on some forms still and need to work out our rental income still. I think we should make it still this year, we deliberately increased our 401(k) contributions to be sure we'd come in under the MAGI limit.

[WinterWine]

Voted yes, and I'm sure hoping that's still true. I don't think I fully understood the MAGI calculation before, and we may be closer than I thought. Waiting on our W2s to find out - does anyone know what line this is on on our returns so I can check last years?

We already maxed them for the year, so hopefully I don't end up having to recharacterize them...

[bugandbibs]

Always and forever, I'm sure.

[crashgizmo]

This was our last year of eligibility, which is both positive and negative I suppose.

[gogreengowhite]

We definitely can for 2014

2015 depends on bonuses and raises. We may be close to the phase out this year.

[jene]

We can this year due to a few weeks of mat leave. 2015 we will probably be back in phase out/over the income limit.

[patches31709]

We're in the phase out for 2014 so until I finish our taxes, I won't know exactly how much we can contribute, but at least we can contribute something. Not sure how 2015 will go.

[nextbigthing]

Yes, but this may be the last year. It's bittersweet

[SJ]

I don't know yet, but I doubt it.

[WinterWine]

We scraped by Woohoo!! Apparently I also suck at estimating our taxes and withholdings- oops!!

[Poppy]

Feb 1, 2015 15:30:33 GMT -5 @starry said:

I am surprised over 30% of MM has a MAGI over 181-191k, which I would think of most likely as a minimum gross of 200k. Good job middle classers!

I was wondering if that was selection bias. Like the people who do make too much are more likely to want to come in here and click.

But yeah, no denying that MM is non-average.

[simpsongal]

I said "no" even though I have the option of a Roth 401K (I figured that defeated the spirit of the question).

[sicilygirl]

Yes, by quite a bit.