Retired Couple, mid 70's and I would like to add to my Wife's Roth
My Wife has a Roth, which I manage that is strictly used for Stocks. We have cash sitting around in savings accounts, which are paying a criminal low interest rate. I wonder if I sell items on Ebay, which will be reported as income can I use that income to contribute to her Roth? AI tells me that although the Ebay account is in my name, that I would be able to deposit $7K plus $1K into her Roth as long as we declare and pay taxes on the income.