Updated Tuesday, September 23, 2014 as of 4:21 AM ET

Ask Ed Slott: Fix for Mistaken Excess IRA Contributions?

If my wife gets paid for helping my daughter to do spring cleaning and other housework in 2014, will my wife be allowed to contribute her salary up to $6,000 to her Roth IRA?

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Comments (2)
Financial issues are the most difficult and demand from a person having smart brain and common sense. There are different financial vehicles which people have interact with like IRA, online loans, insurance companies and so on. You need to be financial savvy to benefit with all these mechanisms.
Posted by Robert D | Wednesday, February 26 2014 at 5:09AM ET
There are so many options available these days and its hard to know what to do with your your money. An IRA is definitely a good option, along with online loans. It's always good to seek professional guidance if you are unsure.
Posted by Ed T | Wednesday, August 20 2014 at 6:26PM ET
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