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I know my wife being self employed can contribute, but I am asking if we both can contribute. My income comes from Social Security and width-draw from our retirement plan.
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Unfortunately, you must have earned income (wages or self-employment income) to contribute to a retirement plan.
However, you may qualify for a "spousal IRA". Please see this article for more information: Can I contribute to a Spousal IRA
Unfortunately, you must have earned income (wages or self-employment income) to contribute to a retirement plan.
However, you may qualify for a "spousal IRA". Please see this article for more information: Can I contribute to a Spousal IRA
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