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Mobyduck asks:

<<I plan to open an IRA after the first of the year. Can a person deposit 4000.00 per year on a joint return even if the wife doesn't work?>>

Yes, you may put $2K into an IRA for yourself and another $2K in a spousal IRA for your wife. Yours may or may not be deductible depending on your AGI and your participation in a retirement plan at work. Your wife's is entirely deductible if you want it to be. See my IRA discussion in the Foolish Retirement Plan Primer available at .


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