My question is: can a nonworking spouse contribute to a traditional IRA? I put in my $2000 per year in to a traditional nondeductable IRA. I cannot participate in a ROTH due to income restrictions. Thanks all!!!
My question is: can a nonworking spouse contribute to a traditional IRA? Yes, as long as you have enough earned income ($2,000 for you and $2,000 for your spouse).
So, OK, $4000 total to be earned by me? Thanks for your help again!
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