topic Self-Directed ROTH IRA in Investing

Self-Directed ROTH IRA

Valeric24 — Wed, 11 Feb 2026 10:25:43 GMT

I am retired and collecting Social Security. My wife is still working and under 65. Can we set up and contribute to Self-Directed ROTH IRA's? If so, are any of the contributions deductible? Even if we can't deduct any of the contributions, are we allowed to make them?

Re: Self-Directed ROTH IRA

VolvoGirl — Fri, 27 Sep 2024 23:36:36 GMT

ROTH IRA contributions are never deductible.

Only Traditional IRA accounts are tax Deductible. Then you pay ordinary tax when you take it out and don't get any capital gains lower tax on the growth.

A ROTH IRA is not deductible now but then you don't pay tax on it when you take it out. And a ROTH grows tax free.

Re: Self-Directed ROTH IRA

VolvoGirl — Fri, 27 Sep 2024 23:39:47 GMT

Oh read all about IRA contributions. IRS Pub 590-A IRA Contributions

https://www.irs.gov/pub/irs-pdf/p590a.pdf

Re: Self-Directed ROTH IRA

Valeric24 — Sat, 28 Sep 2024 01:41:10 GMT

I realized after hitting send that the question wasn't worded well. I was more concerned with whether or not I could start a new ROTH since I'm over 65 and collecting Social Security. I thought that might preclude me from investing in a future tax free account