Yes. Contributions of $4,000 for each spouse are allowed if the couple's wages or self-employment earnings are $8,000 or more. This rises to higher amounts after 2007.

Any individual may qualify for his or her own IRA, even if they do not generate income. However, in the case of married couples, they must file a joint tax return in order to qualify for a Roth or Traditional IRA. In addition, unlike the previous IRA tax laws, if you or your spouse contribute to a 401(k) and/or company sponsored retirement program, your may now qualify for either a full or partial Traditional or Roth IRA account. See similar questions...

Yes, subject to the income conditions above. This allows contributions of $4,000 each if the couple's earnings are at least $8,000 after 2004; higher amounts after 2007. See similar questions...

Yes, a non-working spouse is eligible to open either a traditional or Roth IRA with a maximum contribution of $4,000 in 2007. See similar questions...

Absolutely. About half our students pursue interior design as their "hobby." They want to beautify their own homes, express their instinctive sense of taste, and save money when they buy furniture and furnishings. The other half of our students are interested in decoration as a new career—either part-time or full-time. The choice is yours. See similar questions...

An IRA is a tax-deferred retirement account which allows an individual to set aside a certain amount per year with earnings tax-deferred until withdrawals begin at age 59 ½ or later. Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis. See similar questions...

In Washington State, if you are not able to locate your spouse, you may still be able to file a marital dissolution and serve your spouse by publication. If you serve your spouse by publication, you may ask the Washington State court to end your marriage and divide any property and debts that are located in Washington State. You should think carefully before relying on service by publication, however. See similar questions...

NO, don't bring him/her. They'll kill you and make the lodge manager miserable. South Andros is undeveloped. There is no night life, no place to shop, no quaint villages to explore. Any convenient store in the states would qualify as a super Wal-Mart on South Andros. We cater to fly fishing enthusiast, there are other places on the island better able to accommodate a family that we would be happy to recommend. If your spouse likes to fish they'll love it. See similar questions...

While many couples credit report have the same negative items, disputes can only be made on an individual basis. Where negative items may be removed from one individual, that same negative item will remain present on the other until a separate, individual dispute is made. When couples sign up together, TriBureau Law Group establishes two separate accounts to ensure the best service and results possible. See similar questions...

Rollover - A distribution from a traditional IRA can be contributed to a Roth IRA within 60 days after distribution. Trustee-to-trustee transfer - The financial institution holding the traditional IRA assets will provide directions on how to transfer those assets to a Roth IRA with another financial institution. See similar questions...

A rollover requires a distribution from an IRA or qualified plan, which is then rolled over into an IRA account within a 60 day period to complete the rollover transaction. While the rules for rollovers and transfers differ, they accomplish similar objectives. Both rollovers and transfers facilitate the tax-free movement of IRA monies from one trustee or custodian to another. See similar questions...

Education IRA is a trust or custodial account that is created or organized in the United States exclusively for the purpose of paying the qualified higher education expenses of the designated beneficiary of the account. The account must be designated as an Education IRA when it is created in order to be treated as an Education IRA for tax purposes. Yes. See similar questions...

A ROTH IRA is an individual retirement account established by individuals that provides tax-free income after 5 years and age 59-1/2. See similar questions...

IRA is an Individual Retirement Account. Many banks can open this type of account for you. Money that is set aside in your IRA is tax-sheltered until you withdraw it after age 59?. If you do withdraw the money before you turn age 59? an additional 10% penalty tax may apply. When you opt for a lump sum payment of your pension you can have the lump sum directly rolled over into your IRA in order to temporarily postpone paying taxes. See similar questions...