http://allfinancialmatters.com/2005/10/25/what-is-modified-adjusted-gross-income-magi/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= http://allfinancialmatters.com/2005/10/25/what-is-modified-adjusted-gross-income-magi/comment-page-1/#comment-202320 Can I fund my spouses IRA if they don’t work? - My Investing Blog Wed, 02 Jan 2008 05:05:57 +0000 http://www.allthingsfinancialblog.com/?p=99#comment-202320 [...] Hey Peter - Good news - As long as one spouse has at least $8,000 of earned income, and your joint MAGI is under $160,000 (as you’ll reach your phase-out for ROTH in 2007) both spouses can contribute $4,000 ($8,000 total) to their respective Roth IRAs. Each spouse can contribute an additional $1,000 if he or she is age 50 or older by the end of 2007. So tap it out if you can! Thanks for the post! [...] [...] Hey Peter – Good news – As long as one spouse has at least $8,000 of earned income, and your joint MAGI is under $160,000 (as you’ll reach your phase-out for ROTH in 2007) both spouses can contribute $4,000 ($8,000 total) to their respective Roth IRAs. Each spouse can contribute an additional $1,000 if he or she is age 50 or older by the end of 2007. So tap it out if you can! Thanks for the post! [...]

]]> http://allfinancialmatters.com/2005/10/25/what-is-modified-adjusted-gross-income-magi/comment-page-1/#comment-96752 jan Thu, 12 Apr 2007 10:30:44 +0000 http://www.allthingsfinancialblog.com/?p=99#comment-96752 I read that the taxpayer's MAGI is lowered by excluding Taxable Social Security income received. Is that true? I read that the taxpayer’s MAGI is lowered by excluding Taxable Social Security income received. Is that true?

]]> http://allfinancialmatters.com/2005/10/25/what-is-modified-adjusted-gross-income-magi/comment-page-1/#comment-52093 AllFinancialMatters » Blog Archive » The Roth IRA Contribution Phaseout for 2006 and 2007 Thu, 07 Dec 2006 18:19:33 +0000 http://www.allthingsfinancialblog.com/?p=99#comment-52093 [...] The phaseout based on your modified adjusted gross income (MAGI) is $150,000 - $160,000 [...] [...] The phaseout based on your modified adjusted gross income (MAGI) is $150,000 – $160,000 [...]

]]> http://allfinancialmatters.com/2005/10/25/what-is-modified-adjusted-gross-income-magi/comment-page-1/#comment-51969 AllFinancialMatters » Blog Archive » Roth IRA Contribution Limits Wed, 06 Dec 2006 22:08:59 +0000 http://www.allthingsfinancialblog.com/?p=99#comment-51969 [...] There is a phaseout on Roth IRA contributions, based on your filing status and modified adjusted gross income (MAGI). The Roth IRA phaseout is: [...] [...] There is a phaseout on Roth IRA contributions, based on your filing status and modified adjusted gross income (MAGI). The Roth IRA phaseout is: [...]

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