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I think I have this straight, but I want to make certain that I do before making a contribution this year. Short on situation: I quit my job to go back to school, husband is working, we meet the requirements for the Roth (Income: AGI < $150,000, married, filing jointly), this is a new situation for me as this will be the first year ever that I will have not earned income.

I have read the Fool retirement area/FAQ ( and then spent the last 1/2 hour going over postings on this board to try to figure out exactly what the FAQ was trying to say regarding Spousal IRAs.

The FAQ says that the Spousal IRA (S-IRA for brevity) is one of the ten types of IRAs

1) a S-IRA refers more to the funding of the IRA than anything else?
2) a S-IRA can be mixed and matched with other types of IRAs? (i.e. a ROTH-IRA can be also a Spousal IRA; a traditional IRA can also be a Spousal IRA, etc.)

The source of my confusion is the way the FAQ has divided up the definitions - if the 10 types of IRAs include say...Roth, S-IRA, Traditional IRA BUT these IRAs/terms cannot be used interchangably in contributions (i.e. A Roth can be a Spousal at the same time, whereas a traditional can NOT be a Roth at the same time. Or another example is that I can fund $1,000 in a Roth and $1,000 in a traditional each year, but I cannot fund a "spousal" in the same manner.)

Is this making sense? Do I have the terms correct?

As I was looking through the postings from the search results, there seems to be a great deal of confusion regarding the division/terminology used to describe the Spousal IRA - Can someone tell me whom to petition to re-write the area of the Retirement FAQ to re-word (in simpler terms) the "10 types of IRAs"?

Thanks in advance!

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