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Married filing Separate, living apart, Cannot contribute to Roth IRA?!?! Why?!

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  • Married filing Separate, living apart, Cannot contribute to Roth IRA?!?! Why?!

    A physician married to a physician canNOT contribute to a roth IRA when married filling separate but lived together part of the year. I had never heard of this and after looking into it this seems to be the case. AND it actually is probably a common problem for physicians in residency married to other physicians. One has a large student loan burden and is enrolled in repaye, is doing 5 yr ENT residency and 2 yr fellowship so will only have 3 yrs left for PSLF. The other a moderate loan burden and is planning to work in private practice anesthesia but did a fellowship out of state while the ENT was still in residency. So... to decrease the repaye payment they decided to file separate ($1200 vs $400 monthly projected payment) but they had both continued contributing to their roth IRA directly last year and are now faced with recharacterization to a regular IRA? or withdrawing the money with penalty and wait until they live together for a calendar year again, or even get it in the regular IRA and recharacterize back to a Roth IRA at a future time. What SHOULD they do, What CAN they do?

  • #2
    Deep breath. Backdoor Roth.

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    • #3
      Originally posted by CordMcNally View Post
      Deep breath. Backdoor Roth.
      OP, here is a link to explain what can be done and how: https://www.whitecoatinvestor.com/ba...-ira-tutorial/

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