Hi all!

I have just recently joined Fooldom and so far I like everything I've seen. However I have a few questions:

My wife and I are jointly filing and our AGI is over $58,000. I am enrolled in my employer's 401K plan and contribute the maximum amount possible. I plan on establishing a Roth IRA for myself but I don't know which option would be better for my wife. Can I contribute to a Spousal IRA in her name even though she has income? Or if she starts contributing to a deductible IRA and later stops working, can that amount be rolled over into a Spousal? Urrr... I think I've asked enough questions for starters.

Thanks for your response in advance!

LanyiB