the appearance or semblance of truth; likelihood; probability: The play lacked verisimilitude. something, as an assertion, having merely the appearance of truth.
But, the Internal Revenue Service sets limits on how much you can contribute each year to an IRA. There are different limits for single taxpayers and married couples because the government recognizes a couple will likely need twice as much money to retire on than one person. Contribution Limits The maximum anyone under the age of 50 can contribute to an IRA is $5,000 per year. The maximum limit for couples is $10,000, and it doesn't matter if that comes from one person or both. IRS rules allow married couples to each make the maximum contribution even if one of the spouses didn't work that year or earn any income.
As a couple, you can benefit by doubling your household contributions to an IRA. For 2013, the maximum contribution is $5,500. If the working spouse maxes out his or her IRA, and then makes another maximum contribution to the non-working spouseâs IRA, the household now has the ability to contribute $11,000 for the year.