martyb
Thinks s/he gets paid by the post
So, I'm just about ready to retire. My wife & I each have a Roth IRA with Vanguard. I know there is a way to fund an IRA based on the spouse's income. What I need to know is the mechanics. Can I simply continue to put money into my existing Roth IRA based on my wife's income while she continues to work? Or....do I have to open a different IRA, and call it a "Spousal" IRA? Just want to know if I have to do anything different or keep some kind of different, separate records for this IRA.