There are no Joint or Spousal IRA accounts on the iTrustCapital platform. These are Individual Retirement Accounts that can only be opened up under a single individual, however, a client may list a spouse as a beneficiary on an account. Additionally, if you file your taxes jointly, the IRS allows you to contribute on your spouse's behalf as long as you have the earned income required.
For more information, visit the IRS website.
** Disclaimer - This article is for informational purposes only. Please consult with a tax or financial professional for suitability questions.
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Articles in this section
- Can I take out a loan or borrow against my IRA account with iTrustCapital?
- How do I request my annual RMD from my IRA?
- What is an RMD (Required Minimum Distribution)?
- What is a SEP IRA?
- What is the 5-Year Rule related to Roth IRAs?
- Can my spouse and I have a joint account?
- Can I have more than one IRA?
- What is the difference between a Traditional IRA and a Roth IRA?