Roth For a Spouse?
The listener's wife can have a fully-funded Roth IRA, even if she doesn't work, with one stipulation though.
QUESTION: A listener says he and his wife have a maxed-out Roth IRA. Can his wife have a fully-funded Roth as well even if she doesn’t have an earned income?
ANSWER: Yes. You can have a fully-funded Roth IRA for the spouse who does not have an income. The spouse that’s working just needs to have an earned income of more than $8,000 annually for you to fully-fund that retirement investment.