@vintagetraveler wrote:
Since I am older, I can contribute $7,000 to an IRA in 2021, correct? My spouse is not working, can I contribute more for my spouse or can my spouse (age 76) take out an IRA based on my income?
Assuming that you will have enough taxable compensation for the year, you can contribute up to $7,000 to your IRA and you can contribute up to $7,000 to your spouse's IRA.
