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URL:  http://boards.fool.com/a-while-back-i-think-there-was-a-message-that-10451820.aspx

Subject:  Re: Roth eligibility Date:  12/8/1998  10:13 AM
Author:  TMFTaxes Number:  6887 of 121180

[[A while back I think there was a message that suggested that a spouse with no earnings cannot
open a Roth IRA even though the working spouse earns enough to allow a regular (non-Roth) IRA
for the spouse. Is this correct?]]

Nope. It sure isn't Rusty. You are certainly able to open a "spousal" Roth IRA as long as you have the required earned income (at least $4k), and are under the required AGI limitations for a Roth IRA contribution.

[[ I thought that regardless of what type of IRA (deductable,
non-deductable or Roth) a non-working spouse of a working person that earns over $4000 could
open ANY kind of an IRA.]]

That is basically correct. You can certainly have a "spoual" regular IRA under ANY circumstances. Whether it is deductible or not is a separate issue. And, in order to have a spousal Roth IRA, you must meet the AGI limitations.

[[ Thanks]]

You're welcome, Rusty. Hope this helps...
TMF Taxes
Roy

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