How much can I contribute to a "wife" IRA?

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How much can I contribute to a "wife" IRA?

I will be maxing out my work 401K and contributions to both my Roth IRA and my wife's Roth IRA, but recently saw an ad that says since she was not working this year I can also set up another nonworking spouse IRA for her. What is the maximum I can contribute to that account?

2007-11-15 06:38:29 · 3 answers · asked by bloomin'paint 2 in Business & Finance ➔ Personal Finance

3 answers

If you have already maxed out here Roth, that is all you can do.

2007-11-15 07:16:15 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋

google 'spousal IRA' and read.

2007-11-15 17:35:39 · answer #2 · answered by Steve R 6 · 0⤊ 0⤋

http://www.smartmoney.com/retirement/ira/index.cfm?story=spousal

very good article!

2007-11-17 06:23:39 · answer #3 · answered by voluntarheel 5 · 0⤊ 0⤋