Federal filing joint return. I am 68
and my wife is 68.
Retired in July of 2017.
My wife did work the last 10 years.
We are both taking Social Security
benefits.
I have pension from the state of Iowa,
which I took benefits from for 6 months.
Want to add $5000 to an IRA to save on
taxes.
If put the money if my wife's name it
saves more on my return, but she didn't have any earned income from 2017. I have 6
months of earned income for the year.
Also will it be a problem if I take
some money out of the IRA, and then put some back in?
How should I handle this $5,000
addition to an IRA.
Thanks, Bob
