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Old 03-28-2007, 12:39 PM
Rich Carreiro
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Default Re: can non-working spouse have Roth IRA?

"Zoe" <zoe[at]mailinator.com> writes:

- quote -

> couple married 30 years, only one working. can the non-working spouse
> have own Roth IRA?


Yes.

As long as the working spouse has enough earned income
that's as least as much as the combined contributions
of both spouses, then you're good to go.

- quote -

> indicate "joint savings" for "source of income" or something else?

There's no need to indicate any source of the contributions.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

  #-1  
Old 03-28-2007, 12:19 PM
Zoe
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Default can non-working spouse have Roth IRA?

couple married 30 years, only one working. can the non-working spouse have own Roth
IRA?
indicate "joint savings" for "source of income" or something else?

thanks.

 

Tags
ira, nonworking, roth, spouse
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