If you are married and file a joint tax return, you can contribute to an IRA for your spouse in addition to your own IRA. Contributions may be permitted to either a Traditional IRA or a Roth IRA regardless of whether your spouse earns any income or is eligible to participate in an employer-sponsored plan, such as a 401(k).
Generally, individuals who are unemployed are not allowed to contribute to retirement accounts such as IRAs because they do not have eligible compensation. However, there is an exception for individuals with spouses that are employed and meet certain requirements. The employed spouse is allowed to make an IRA contribution on behalf of a non-working spouse or a spouse who has little income. These contributions are referred to as "spousal IRA contributions". Here we review the eligibility requirements for making spousal IRA contributions.
Eligibility Requirements To make a spousal IRA contribution, you must meet the following requirements:
- You must be married.
- You must file a joint income-tax return.
- You must have compensation or earned income of at least the amount you contribute to your IRAs.
I replied thus:
Thank you, whoever you are, for your rather surprising invitation for me to contribute to the Irish Republic(an) Army.
While I sympathise with some of their aims, and share their disdain of colonial oppression, I am loathe to finance terrorism or violence in any form.
I am surprised you have singled me out for this attention - perhaps you are an undercover CIA operative testing to see whether my lefty tree-hugging credentials are valid. I must confirm that my position is that of pacifism compounded by abject cowardice.
Again, I am obliged for the invitation, but instead I will be investing available funds in a splendid vegetarian meal when I visit Leicester this weekend.
May I reciprocate your unsolicited invitation with some unsolicited advice?
While I sympathise with some of their aims, and share their disdain of colonial oppression, I am loathe to finance terrorism or violence in any form.
I am surprised you have singled me out for this attention - perhaps you are an undercover CIA operative testing to see whether my lefty tree-hugging credentials are valid. I must confirm that my position is that of pacifism compounded by abject cowardice.
Again, I am obliged for the invitation, but instead I will be investing available funds in a splendid vegetarian meal when I visit Leicester this weekend.
May I reciprocate your unsolicited invitation with some unsolicited advice?
1) Be circumspect in your choice of political affiliation - eschew nationalists, conservatives, separatists and other loonies - it will all end badly.
2) Check email addresses before you send messages.
love and peace
4 comments:
I think your tree hugging credentials are perfectly valid - you're obviously bark king!
Anyway your facts are obviously a bit shaky - whoever heard of vegetarian food in Leicester?
Rog. Of course I am, why else would I be here? And I suggest you hitch a ride over to Leicester, where you can hardly move for chapattis and dhal.
Vicus, old son! Hmmm, those little feckers are still about, are they? I applaud you for running them up a tree. I shall bring my saw and heavy boots. Yours etc, Roth
You give excellent advice.
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