Hi All,
I wanted to know if my wife could contribute to my Roth IRA. My income in 2017 after deductions (I am 1099 self employed) was $15K. My wifes income was 53K. For 2018 I expect my income to remain the same or a little bit higher but not by alot. Her income may be 65K-70K.
Can she contribute to my Retirement account since I dont really make alot of money? I was thinking she can just give me X-amount of $$ per month and I can go deposit them in my bank account and then transfer to my roth.
This will be my first retirement account that I open. I am 53. Never had an account before.
Thanks!
I wanted to know if my wife could contribute to my Roth IRA. My income in 2017 after deductions (I am 1099 self employed) was $15K. My wifes income was 53K. For 2018 I expect my income to remain the same or a little bit higher but not by alot. Her income may be 65K-70K.
Can she contribute to my Retirement account since I dont really make alot of money? I was thinking she can just give me X-amount of $$ per month and I can go deposit them in my bank account and then transfer to my roth.
This will be my first retirement account that I open. I am 53. Never had an account before.
Thanks!