Re: IRA contribution
It is a traditional IRA not a Roth. I don't believe we can open or convert anything to Roth because of the income limit. Our combined income is around $220,000 or so. So, let me see if I have it right- the original 401K was rolled over to a traditional IRA which was and still is all pretax money. She is going to contribute to an IRA this year, all personal funds, no employer match or anything. Just a check from us to them. She can contribute this new $4500 to the Vanguard IRA even though it was associated at one point with an old employer. I guess that was my original question, does she need to open another IRA or can she contribute to that one?
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