jefunds
Contributing Member
Cash: $ 7.44
Posts: 33
Joined: 03 Apr 2005
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| Secondary IRA??? |
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I just opened a Roth IRA. I was wondering if my wife should have her own? Currently she doesn't work so she has no type of retirement plan. Or should I just focus on one IRA.
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Wed Apr 06, 2005 4:53 pm |
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David Briggs
Senior Member
Cash: $ 57.86
Posts: 289
Joined: 16 Jan 2005
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She needs to have earned income to fund a Roth IRA.
~~David
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Wed Apr 06, 2005 5:31 pm |
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David Briggs
Senior Member
Cash: $ 57.86
Posts: 289
Joined: 16 Jan 2005
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So here is how completely wrong I originally was. Not only can you contribute to a Roth IRA on her behalf, you can also contribute to a traditional IRA on her behalf and double your deduction. Subject to all the eligibility requirements discussed in that article.
~~David
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Wed Apr 06, 2005 5:51 pm |
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jefunds
Contributing Member
Cash: $ 7.44
Posts: 33
Joined: 03 Apr 2005
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Some interesting stuff in that article. Thanks for the link.
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Wed Apr 06, 2005 7:01 pm |
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