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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: Re: Spousal Roth IRA Date: 4/19/2000 3:18 PM
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Greetings, Madvestor2, and welcome. You wrote:

<<Author: Madvestor2 Number: of 21361
Subject: Spousal Roth IRA Date: 4/19/00 2:50 PM Email this to a Friend
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I have read too many contradicting things about a spousal IRA.

My spouse does not work. Can I contribute to a Roth IRA for my spouse? What is the income cut off for the contribution? I have read in some places that it is 60K for a spousal IRA. Is this true or is it the same as for a regular IRA.>>

Then you might try reading the right material. See page 6 of IRS Publication 590 (Individual Retirement Arrangements) available at http://www.irs.ustreas.gov/prod/forms_pubs/index.html . As long as you file a joint return and you have the earned income to support the contribution, then you may contribute up to $2K per year to your spouse's traditional or Roth IRA even if that spouse has no income.

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