Can my wife and I open a traditional IRA if we are both retired and have no w2 wages?

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Can my wife and I open a traditional IRA if we are both retired and have no w2 wages?

No, you must have earned income, and retirement is not considered earned income for tax purposes.

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Can my wife and I open a traditional IRA if we are both retired and have no w2 wages?

No, you must have earned income, and retirement is not considered earned income for tax purposes.

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