It depends. If you're income was less than 189,000 for the year, then yes. Otherwise, there is a phase-out to make a contribution to a Roth IRA until none is allowed (above 199,000). See the follwing IRS website with additional information:
It depends. If you're income was less than 189,000 for the year, then yes. Otherwise, there is a phase-out to make a contribution to a Roth IRA until none is allowed (above 199,000). See the follwing IRS website with additional information:
@nanapapa55 make sure you 'Read" the information. Your wife can not contribute to any kind of retirement plan because your wife does not have any taxable income of her own. But "you" can contribute to a "spousal IRA" (or ROTH) in her name. But it's important that you do things right, so that "YOU" don't get penalized for over-contributing to a retirement plan.