Just to make it clear. Not only do you and your wife have to have separate IRA's, as previously mentioned, but you are not legally allowed to manage your wife's account unless you hold a power of attorney. Your IRA custodian will get very upset (and possibly freeze the account) if they ever find out that you are making trades in your wife's account.You know, I thought that was the case. I asked the people at Scottrade if there were forms I had to fill out to have the right to handle my wife's Roth account, and they looked at me like I was from another planet. They said that soon as it was online, I could just use the online account to manage everything. I said I wanted to be able to handle all the details of the account, and they said I already could, since I could just access the account online.Then again, I don't have a lot of faith in the Scottrade people standing there. I made a quick question while we were setting it up, about if dividends into a Roth account were taxed, since I knew that capital gains taxes were skipped, but I wasn't sure about dividend taxes. (I have since figured out that yes, they're tax exempt), but the broker talking to me had no clue. He said he'd "have to look that up". Thought it was sort of odd.
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