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URL:  http://boards.fool.com/familyceo-i-havent-had-quotearned-20434015.aspx

Subject:  Re: Housewife and IRAs Date:  3/4/2004  3:46 PM
Author:  wcfenton Number:  39675 of 75537

familyceo...

I haven't had "earned income" for years. I do a "spousal" Roth Ira every year. Check it out, works for me!

Hopefully, your wife meets the IRS Rules for compensation as outlined in "real people language" via the Fairmark Press:

http://www.fairmark.com/rothira/spousal.htm

or, you can wade through all the "official language" of the IRS via IRS Pub 590:

http://www.irs.gov/pub/irs-pdf/p590.pdf

I'm sure that you are already aware of the rules, so this post is more then likely redundant, however, it may just help someone else from creating a problem.

Regards,
Bill


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