Spousal Roth IRA contribution
Suppose husband is 71 and retired, wife still working, makes more than $12,000 earned income.
Assuming their joint income is low enough, can husband make a spousal Roth IRA contribution based on wife’s earned income?
Suppose husband is 71 and retired, wife still working, makes more than $12,000 earned income.
Assuming their joint income is low enough, can husband make a spousal Roth IRA contribution based on wife’s earned income?
Permalink Submitted by Alan Spross on Wed, 2011-06-29 20:03
Yes, his spousal contribution is limited to a Roth due to his age.