My spouse and I are both 74. I am still employed. My husband is a civil service retiree. We would like to make a spousal contribution to his traditional IRA for 2023 based on my earnings. I am unable to contribute do to investing in a retirement plan at work. Our investment person wants to make sure it is allowable to make a deductible contribution for 2023. He says it will increase our RMD and may not make sense. Can you give me any advice.
