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Author: AnnW Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: what are two fools to do? Date: 11/3/2000 8:04 PM
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IRA stands for INDIVIDUAL Retirement Account. So I don't think you *can* combine your IRA with hers! You *have* to keep them separate.

If you are both working, and both earning more than $2,000/year, you can each continue to contribute to your IRA's, just as you have done before.

If one of you stops working, then the other's IRA can be turned into a "spousal IRA" and the working spouse can contribute $2,000 into the working spouse's IRA and the non-working spouses IRA, assuming the working spouse makes more than $4,000/year.

But the accounts *still* need to be maintained as separte accounts, even if you cannot contribute to them anymore, and just let them sit there, accumulating interest, until retirement.
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