Can I rollover a pension distribution from a qualified plan to my spouse's traditional IRA? She is not working and does not receive a pension. We have no earned income.

sleahy · ‎June 1, 2019

Coleen3 · ‎June 1, 2019

From YOUR retirement plan to spouse's IRA?

sleahy · ‎June 1, 2019

Yes, can I rollover a distribution from my pension to a spouse's IRA? I usually just contribute to her IRA every year, but wondering if I can just rollover a portion of pension distribution to her instead. thank you

Coleen3 · ‎June 1, 2019

Unfortunately, no. This is your retirement account and your wife's IRA is her account. It is not like other items on a joint return. There is no joint ownership and you do not mix accounts.

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sleahy · ‎June 1, 2019

I understand now. thank you.

macuser_22 · ‎June 1, 2019

A pension that is paid in periodic payments and is not a lump sum payout, is not eligible for rollover in any event even to your IRA.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Can I rollover a pension distribution from a qualified plan to my spouse's traditional IRA? She is not working and does not receive a pension. We have no earned income.

Retirement tax questions

Retirement tax questions

Retirement tax questions

Retirement tax questions

Retirement tax questions