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DeluxeXL t1_j2dttta wrote

Reply to comment by sandra426 in Stay at home parent retirement planning? by flowerssmellnice

> You cannot contribute to a traditional IRA because you yourself have no earned income.

This is wrong. Each spouse can contribute to traditional or Roth IRA as long as the joint taxable compensation (W-2 from both spouses combined) exceed the contributions.

If OP contributes to traditional IRA, the tax deduction reduces the joint income as well.

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