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I've asked elsewhere, but never received a clear answer. Neither me nor my wife have a Roth IRA today, but are planning to start one by the end of this year. Can we BOTH start one each, or since we file our income taxes jointly does that compel us to start one joint Roth IRA?

From the Wikipedia's list of limits:

http://en.wikipedia.org/wiki/Roth_IRA#Eligibility:_Income_limits

* Single filers: Up to $99,000 (to qualify for a full contribution); $99,000-$114,000 (to be eligible for a partial contribution)
* Joint filers: Up to $156,000 (to qualify for a full contribution); $156,000-$166,000 (to be eligible for a partial contribution)
* Married filing separately (if the couple lived together for any part of the year): $0 (to qualify for a full contribution); $0-$10,000 (to be eligible for a partial contribution).

Since both of us earn money, that third bullet seems to exclude the option of two separate IRAs...

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