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Spousal IRA contribution while getting RMD
Hello,
Can I contribute to my wife's IRA even if she is getting Required Minimum Distributions?
I worked in 2021 and made enough to cover the 14K for our two contributions.
She withdrew ~10K in RMDs and sees as odd that now she can contribute 7,000 to that same account.
Turbo Tax is telling me that I can and I have seen a post here that says that I can. But I need a direct reply to my situation to convince her that we can or, if not, set me straight.
I also retired in May 2021 and have a pension. She has no pension.
Thank you so much.
‎April 5, 2022
10:42 AM