1. Home
  2. Financial Planning
  3. Spousal contribution in IRA

Spousal contribution in IRA

I am planning to make a spousal contribution towards a Traditional IRA. I would like to know, for spousal contribution, does my wife (who is not working) needs to open an IRA account on her name or can I make the contribution, on her behalf, to an account on my name. I am not familiar with IRA stuff so your advice will help me ...

Thanks.

Reply to
Ron
Loading thread data ...

It may be your money, but it's your wife's acount. It has to be in her name.

Reply to
Charlie K

Any reason you are not taking advantage of the Roth IRA instead of the Traditional IRA?

Reply to
DM

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.