Al18
Full time employment: Posting here.
Is it possible to setup a Roth IRA for a spouse that's already retired? I am still working, and I've setup one for myself this year. The reason for setting up a Roth IRA for DW is it would help to keep us in the 15% tax bracket if some of the money in her traditional IRA could be converted to a Roth IRA in a couple of years - and I keep reading about the 5 year rule for Roth IRA withdrawals after age 60 (she is 55 now).