Spousal IRA Question?
question of SJE : Spousal IRA Question ?
To me open to a Roth IRA for my marriage, my husband is also open to itself? I am confused by this line from the disclosure statement: “You have to lay claim to a marriage IRA contribution for yourself, if the rules are satisified: You and your spouse, you must have your IRA,” So this means we just have those separate have, it means there’s no such thing as a common IRA, or does this mean I can not open one if he opens it, too? Thanks Best Answer.
answer by Serge M
Yes, you can not do a joint IRA, but not everyone has to have one. If you qualify otherwise, that is, have enough income, you can open a Roth IRA marriage. It does not matter which of you earning the income. Of course it is best for each of you to a Roth IRA. open
know better? Leave your answer in the comments!
You wouldn’t make a spousal contribution for yourself, that is part of your question. The wage earner, you or your spouse, can contribute to the non-wage or lower-wage earner’s IRA. Up to 5K per year, of earnings. There is no IRS requirement for the wage earner to have an IRA to contribute to a spousal IRA. The “quoted” question you asked might be a requirement of the brokerage you are dealing with.