Spousal ROTH IRA contributions after age 70 1/2
Can an individual, over age 70 1/2, make a ROTH IRA contribution (reflective their spouses’s earned income), provided all other income limits are not an issue?
Can an individual, over age 70 1/2, make a ROTH IRA contribution (reflective their spouses’s earned income), provided all other income limits are not an issue?
Permalink Submitted by Alan - IRA critic on Thu, 2013-02-28 23:14
Yes, as long as the individual over 70.5 has lower earned income than the other spouse.
Permalink Submitted by Donald Reutemann on Fri, 2013-03-01 19:07
so for example, ,if no earned income on the indiv over age 70 1/2 and some earned income for spouse, then the over 70 1/2 can make a ROTH contrib, if I understand you correctly..
Permalink Submitted by Alan - IRA critic on Fri, 2013-03-01 19:23
Yes, correct.