Are my working spouse and my IRAs separate? Can we both contribute to our own to the maximum allowed? (Ex. I would do 5500 to a Roth, and she does 5500 to a traditional).
Are my working spouse and my IRAs separate? Can we both contribute to our own to the maximum allowed? (Ex. I would do 5500 to a Roth, and she does 5500 to a traditional).
Yes your IRA's are separate and you both can contribute to your IRA accounts subject to the maximum contribution allowed.