Correction

The Generations column in the March 2005 issue (In Praise of Work, page 114) contained an error. It stated that an investor who earns $4,000 in a given year could transfer $4,000 from a taxable checking account to a Roth IRA for himself, plus another $4,000 to a spousal IRA, thus sheltering $8,000 from becoming taxable income. In fact, the client could only transfer a total of $4,000 to a Roth.

The Generations column in the March 2005 issue (“In Praise of Work,” page 114) contained an error. It stated that an investor who earns $4,000 in a given year could transfer $4,000 from a taxable checking account to a Roth IRA for himself, plus another $4,000 to a spousal IRA, thus sheltering $8,000 from becoming taxable income. In fact, the client could only transfer a total of $4,000 to a Roth.

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