Salary Limits for Traditional IRA Contributions

[SpbDubs]

Hello All,

My question is regarding salary limits for traditional IRA contributions for a married couple filing jointly. My wife has never invested in an IRA, and I would like to get her started. She is not covered by retirement plan at work. I am self employed and contribute maximum to my own SEP-IRA plan. Our combined MAGI for last year is $190,000 and we expect it to be the same this year. Given our income and the fact that we file jointly, is she allowed to make traditional IRA contributions or Roth IRA contributions? Even if the contributions are not tax deductible, I think it would make sense for her to get going.

Thanks in advance!

SpbDubs

[sblatner]

Here is a link to the IRS website.

2012 IRA Contribution and Deduction Limits - Effect of Modified AGI on Deductible Contributions if You are NOT Covered by a Retirement Plan at Work

[SpbDubs]

Thanks sblatner! Looking at the link you've provided... Does it mean that (a) my wife cannot contribute to IRA because MAGI is over $183,000? Or - (b) she can contribute but can take no deduction on any of the contributions made?