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Interesting... I retired on 11/1/2020, but MrsDraggon doesn't retire until September of this year. Can I make the "Spousal IRA" contribution for 2021 to my existing Roth IRA, or does it have to be set up separately? (I suspect I can, but would like to verify)

The contribution can be put into an existing IRA. You'll notice in this section of IRS Pub-590A https://www.irs.gov/pub/irs-pdf/p590a.pdf about the spousal IRA limit, they just refer to "your IRA" and there's no reference to setting up a separate IRA:

Kay Bailey Hutchison Spousal IRA Limit

For 2020, if you file a joint return and your taxable compensation is less than that of your spouse, the most that can be contributed for the year to your IRA is the smaller of the following two amounts.
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You can read the publication if you want to see the details of how they explain the most you can contribute is the regular limit (plus catch-up if applicable), as long as the total of your contribution plus your spouse's contribution doesn't exceed your joint compensation for the year.

AJ
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