[Chorus] If you believe in forever, Then life is just a one-night stand. If there's a rock and roll heaven, Well you know they've got a hell of a band, band, band. Jimmy gave us rainbows, And Janis took a piece of our hearts, And Otis brought us all to the dock of a bay. Sing a song to light my fire, Remember Jim that way, They've all found another place, another place to play.
A Roth IRA is an individual retirement account to which you contribute after-tax dollars. Contributions and earnings can grow tax-free, and you can withdraw them tax-free after age 59Â½. Depending on your situation, a Roth IRA can be more flexible than a 401(k) or Traditional IRA.
You can contribute up to $5,000 to your own Roth IRA (up to $6,000 if youâre 50 or older during the year) and up to $5,000 for your wife (or $6,000 if sheâs 50 or older), as long as you earned at least as much for the year as the combined contributions.ithout earned income, your wife is not eligible to contribute to a Roth IRA herself (unearned income, from pensions, investments or Social Security, doesnât count toward eligibility). But because youâre still working, you can contribute to your wifeâs IRA on her behalf.