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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- What is an RMD (Required Minimum Distribution)?
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