NewFool1999/SNP: You wrote: "I am a married person and my spouse does not work. We file a joint return. My AGI is below 150,000.I am considering opening a ROTH IRA account under my name. Here are some things I need clarified.1. I understand that I can contribute a maximum annual amount of $2000. Given my situation can I make this account joint under mine and my spouse's name and hence contribute $4000 anually ?No. IRA stands for Individual Retirement Account; there is no JRA. "2. If not should I be opening another IRA ( Spousal IRA) account in my spouse's name and contribute $2000 in addition to the $2000 contribution to my ROTH IRA account?"If you can afford it, this would be a wonderful idea. 3."Also will this spousal IRA account be traditional IRA account or Roth IRA account?"Your choice; analysis between regular and Roth has been discussed frequently. 4."If it is a traditional IRA account, then is the contribution tax deductable given my situation?"I believe yes, but I am no expert. I am sure the other regular posters will chime in if I am incorrect.Hope this helps. Regards, JAFO
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