Welcome! No, because you can't establish a Roth IRA that way. A Roth IRA can only be established if you have income as defined by the IRS.If she has any sort of traditional IRA, couldn't you convert $1 to a Roth IRA? I suppose that would count as an established Roth IRA.
Can anyone chime in on this?
See the wiki: Roth IRA which refers to IRS Publication 590-A: Roth IRAs. If you have any further questions, please start a new thread and we'll be happy to help you out.
Statistics: Posted by LadyGeek — Sat Jun 22, 2024 8:35 pm
