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IRA if retired?
Old 07-08-2008, 04:34 PM   #1
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This is my first year being retired but my wife is still finishing out her contract. She is maxing out her retirement at work as I use to do. I was wondering if I can open up an IRA in my name even if I don't have any earned income.

I think our combined income is now low enough that I could even get a ROTH.
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Old 07-08-2008, 04:49 PM   #2
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Spousal IRA! Download the publication at the IRS site dealing with IRA's. Publication 590 is the number.
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Old 07-08-2008, 04:49 PM   #3
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If your wife has enough income to fund both of you, yes.
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Old 07-08-2008, 06:49 PM   #4
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Quote:
Originally Posted by ziggy29 View Post
If your wife has enough income to fund both of you, yes.
Absolutely. And make it Roth if you can.
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Old 07-09-2008, 06:46 AM   #5
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Thanks!!
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