Can my spouse and I have a joint account? Can my spouse and I have a joint account?

Can my spouse and I have a joint account?

Daniel Bennett Daniel Bennett

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.