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If I open a Roth IRA at $80,000 a year and my income increases beyond $120,000 can I keep my Roth IRA?
3 Answers
- Anonymous1 decade agoFavorite Answer
Yes you can keep it, but you can't contribute to it. But you can still open a Traditional IRA and contribute into that. In 2010, you may be able to contribute to your Roth IRA since I heard that Congress has removed the income limit.
Source(s): http://finance1o1.blogspot.com/ - 1 decade ago
Yes, You will always be able to keep the Roth you have qualified for. However, if your income gets over a certain amount, you will not be able to add additional funds in later years.
- MoonSorceressLv 41 decade ago
Hopefully this guide will answer your question http://www.fairmark.com/rothira/
