Roth IRA For A Big Earner?

Corey asks if someone who makes more than $100,000 a year can fund a Roth IRA.

QUESTION: Corey asks if someone who makes more than $100,000 a year can fund a Roth IRA.  The following caller asks if the $150,000 restriction on funding a Roth IRA is for singles or marrieds filing jointly is pre-tax or the adjusted gross income.

ANSWER: You cannot fund a Roth IRA as a single if you make more than $95,000 a year or as a married couple filing jointly if you make more than $150,000 a year.  That’s with the adjusted gross income (AGI).