Federal filing joint return. I am 68
and my wife is 68.
Retired in July of 2017.
My wife did work the last 10 years.
We are both taking Social Security
I have pension from the state of Iowa,
which I took benefits from for 6 months.
Want to add $5000 to an IRA to save on
If put the money if my wife's name it
saves more on my return, but she didn't have any earned income from 2017. I have 6
months of earned income for the year.
Also will it be a problem if I take
some money out of the IRA, and then put some back in?
How should I handle this $5,000
addition to an IRA.
... View more