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What happens if I open and fund a Roth IRA in Jan. 09 and then I get married?

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What happens if I open a ROTH IRA in Jan. 2009 and fully fund it for the year $5,000. Then I get married later in the year and the combined income exceeds the allowable limit?

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  1. IRAs are individual - they aren't based on joint income, only your income.  Both you and your spouse can fully fund his/her own IRA as long as your respective incomes are within the limits.


  2. You will want to add you husband as the primary beneficiary of your Roth IRA as well as all your transferable financial assets.

    God bless!

  3. nothing since you can not exceed usng only your salary!!!
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