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Investing/Strategies / Retirement Investing
|Subject: Re: Housewife and IRAs||Date: 3/4/2004 3:11 PM|
|Author: agg97||Number: 39670 of 78156|
Can we contribute $3000 to my wife's IRA (a roll-over IRA from her previous job)? Is it deductible? OR contribute to a ROTH IRA in her name?
You can only contribute to her IRA if she had earned income last year. You can contribute up to the total gross earned income, or $3,000, whichever is smaller.
In addition, can we contribute $3000 to my Roth IRA?
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