Can I Contribute To My Roth IRA?

A Roth IRA is a great option for clients looking to save after-tax dollars, offering the opportunity for tax-free growth and relaxed distribution rules.  Unfortunately, eligibility to contribute to a Roth IRA is subject to restrictions, which can cause confusion.

To help make the analysis easier, we have created the “Can I Contribute To My Roth IRA” flowchart.  It addresses the key eligibility considerations, including:

  • Earned income
  • Other (traditional) IRA contributions
  • Filing status-based MAGI thresholds

Updated 5/1/2020