Can My Spouse Have a Roth IRA?

by | Aug 1, 2022 | Spousal IRA | 16 comments

Can My Spouse Have a Roth IRA?




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16 Comments

  1. Balaji B

    Great well said. Just wanted to make sure before I open Roth IRA account 🙂 Me and spouse filing taxes jointly and we are under the salary limitations. So, can we open 2 separate Roth IRA accounts with 6000$ each? appreciate your help

  2. a basher

    May 4, 2021 and I'm reviewing this as an advice. Thank you so much. Basically , first I'll open a traditional IRA for my non working spouse. second, ill open a roth IRA for non working spouse , third, ill roll over ira to his roth. I hope I got it.

  3. Jessica Roper

    Thank you so much for the information

  4. Vijay Suresh

    Is the spouse eligible for Roth IRA if spouse is a resident alien without SSN and only has an ITIN? If yes, is the kid eligible for a custodial Roth IRA?

  5. Marisol Quiroz

    The fund for the spouse should come out of the business account directly or our personal account??

  6. Siding Liu

    Hi,
    Thanks for teaching us, but I maybe watch this too late.

    Does spousal Roth IRA only work for a non-working spouse? I used to be a housewife, but I have a job in a small company. I don’t have any retirement plan. My husband has 401K and Our total income is over the Roth IRA. Can I still open a Roth IRA? Hope you can see this comment. Thank you!

  7. clubracer6

    I am trying to cut back on my subscriptions here, but I had to subscribe to you as this was really well done. Thank you!

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  9. Blue Lemonade

    Easy to understand. Thanks!

  10. Gaylor Zewis

    I would like to convert my traditional 401k to a roth 401k (take advantage of recent market losses to reduce taxes paid for conversion) however i am about to change companies. Would i be better off rolling my 401k to the roth 401k then doing a straight roth 401k to roth ira conversion or moving from 401k to ira then do a traditional ira to roth ira conversion?

  11. Brianna Jay

    I love your energy so much! Furthermore I appreciate you speaking plain English for people like me… just learning about managing my long-term money for the first time. Bless you!!

  12. OffMarket Props

    Thank you sir … You are the best .

  13. Ben Feld

    Do the Roth accounts have to be separate or are they able to be combined into one account?

  14. Gino L

    Can I self direct my work 401k… & Invest in whatever stocks/etfs I prefer?

  15. John Henderson

    My wife does not work outside of the house and does not have a ROTH. I am still working and will be for another 2-3 years. I am aware money can still be contributed to her account as long as I work. She is 67 and wondering if it is worth it to open one this late? We can both max each account out.

  16. Martin I

    I have a TSP retirement account sponsored by my employer. Within my TSP, I have a Roth account. My wife has a 401k account sponsored by her employer. We make less than $200k/yr.

    Can she open a Roth 401k account within her employer?

    In addition, i was wondering if Can we both open an Educational IRA or similar plan for our children?

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