Wrkn4wkend
Dryer sheet wannabe
- Joined
- Nov 7, 2012
- Messages
- 14
So I think I understand this but I am sure the brain trust here at ER.org can confirm or deny
If my spouse has zero earned income for 2018, do I have it correct that I can contribute to her EXISTING Roth IRA as long as
1. We are filing jointly
2. We are under the phase out MAGI (189K - 199K for 2018)
3. My earned income is more then 11K ($5,500 for both or our Roths)
I am pretty sure that is what I have read but I just want to make sure that there is not something I am missing. I see it refereed to a s spousal Roth/IRA but it seems that is just a term and her existing Roth is where would make the contribution.
If my spouse has zero earned income for 2018, do I have it correct that I can contribute to her EXISTING Roth IRA as long as
1. We are filing jointly
2. We are under the phase out MAGI (189K - 199K for 2018)
3. My earned income is more then 11K ($5,500 for both or our Roths)
I am pretty sure that is what I have read but I just want to make sure that there is not something I am missing. I see it refereed to a s spousal Roth/IRA but it seems that is just a term and her existing Roth is where would make the contribution.