Update: The general rule of thumb is that an individual is not eligible to receive Social Security disability benefits (SSDI or SSI) during incarceration. It does not matter if the conviction is for a misdemeanor or a felony. However, when benefits stop differs depending on whether you are receiving SSDI or SSI. As a result, individuals may receive Social Security benefits for a short time after incarceration. Click here for more information.
The 2015 IRA contribution limits will look just like it did for 2014. Both the traditional and Roth IRA will have the same contribution limit, which will max out at $5,500. If you are 50 years or older, there is a $1,000 catch up contribution.
Income limits on contributions remain in effect. While the income limits on Roth conversions were eliminated in 2010, there are maximum income limits for Roth IRA contributions. Married individuals filing jointly can contribute to a Roth IRA if your modified adjusted gross income (MAGI) is below $191,000.The benefit phases out between $181,000 and $191,000.If your income exceeds $191,000, you are not eligible to contribute to a Roth IRA for 2014.ncome limits on contributions remain in effect. While the income limits on Roth conversions were eliminated in 2010, there are maximum income limits for Roth IRA contributions. Married individuals filing jointly can contribute to a Roth IRA if your modified adjusted gross income (MAGI) is below $191,000.