November 13, 2018 at 9:08 pm #1516
Most of what you’ve read is misleading or incorrect. We have a page explaining this topic:
- There really isn’t any such thing as a spousal IRA. This is just a term that’s sometimes used when relying on a spouse’s earned income to qualify for the contribution. The contribution can go to an existing IRA to which other contributions have been made.
- There is no requirement for the contribution to come from the worker.