I'm 65 & retired last June. I have a regular IRA, but did not make any contributions to it in 2023 (yet). My wife is long retired and has her own IRA. She did make a spousal contribution in 22' based on joint filing and my income.
I started taking regular distributions from my IRA in the second half of 2023. My question is, am I eligible to contribute to my IRA because I had work income in 23'? I would like to reduce my AGI as I am riding the line on incurring IRMAA surcharges. Can my wife make another spousal contribution as well as myself? Turbotax seems to say this is so, but I'm not so sure.
The year you retire seems to be the most complex life transition I could have ever imagined. Thank you in advance for your consult on this IRA/IRS question.
