![Can my spouse and I have a joint account?]({"bg": "//theme.zdassets.com/theme_assets/10087603/e106cc8a79a6a41c781c71d999cffaa33b481de7.jpg"})
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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. A client may list a spouse as a beneficiary on an account. Also, 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.
** Disclaimer - This article is for informational purposes only. Please consult with a tax or financial professional for suitability questions. For more information, visit the IRS website.
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- 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 Roth IRA?