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PT48
New Member

Contribution to spouse's Roth IRA

I'm in my 70's, still working (receive a W-2), and contribute the maximum allowed to my workplace 401(k).  Can I still contribute to my spouse's Roth IRA although she has no earned income?

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2 Replies
MinhT1
Expert Alumni

Contribution to spouse's Roth IRA

Yes. 

 

If you have earned income, you can contribute to a spousal Roth IRA for your spouse, up to $6,500 ($7,500 if she is 50 or older).

 

Your joint modified AGI must be less than $218,000. Between $228,000 and $228,000 you can contribute a reduced amount.

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Contribution to spouse's Roth IRA

Yes, but only up to the amount of your compensation.  For example, suppose you work part-time and earned $10,000.  If you contribute $7500 to your IRA, you can only contribute $2500 to your spouse's IRA. 

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