Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: susan400 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: spousaal IRA ? Date: 3/27/2012 8:10 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
MF community -- I was in the brokerage ‘bis for 20 yrs, but have lost my memory, lame here, but looking for some confirmation.
Qs:
i. A spouse has enough earned income to easily contribute 5k to a ROTH IRA. Can the other spouse, no earned income, open a spousal ROTH IRA and also contribute 5k?
ii. If an IRA is opened with a deadline closing in, say 4-15 with a local bank, can the funds be transferred to a new Roth IRA with a new custodian, 1-2 mo ? idea here is one is simple and needs no research, the 2nd needs some time for research, it is going to be a custodian that accepts non- conventional, but legal investments, maybe royalty interests on a friend’s discovery.
iii. Anyone know a KNBOW custodian that accepts non-conventional? Common names don’t, not worth the hassle, legal risks.
Raymond James, ? maybe>?

Thanks for any insights.
Susan400
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement