MN dhawk Posted March 28, 2011 Report Share Posted March 28, 2011 Trust fund baby client has lots of interest & dividends, no earned income. His wife has over $12000. I suggest roth contributions of $6000 each. He says I'll just do my own, don't know how long we will be married. Since they got married in 2010, I say how come you married her then? He says she is a really good bass fisherman and can cook them too. Being good at marketing sometimes, I say that I can see his point. His broker told him that you can't do spousal roth contributions like it's a regular IRA. Thanks for your thoughts. Quote Link to comment Share on other sites More sharing options...
imjulier Posted March 28, 2011 Report Share Posted March 28, 2011 Do you use ATX? If so, add the IRA/Roth worksheet and enter the contribution for a Roth. Then go to the Roth tab and see if its alllowed. If you follow it through, you'll actually have your answer. Hope this helps. Julie Quote Link to comment Share on other sites More sharing options...
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