Spousal contributions
I have an existing Roth that I made contributions to when I was working, and I stopped when I retired. My wife, who is still working and meets the income requirements, wants to make a “spousal” contribution in my name. Can her spousal contribution be deposited to my existing Roth, or must a new Roth be established in my name to hold spousal contributions separately?
Permalink Submitted by Alan - IRA critic on Thu, 2016-03-31 18:45
The spousal contributions can be made to your existing Roth. There is no need to open a new account.
Permalink Submitted by Richard Paschke on Fri, 2016-04-01 13:37
I appreciate your reply. 🙂