Spousal contribution in IRA

Mar 18, 2005 2 Replies
R

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.



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C

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

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D

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

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