IRA's must always be in the name of a single individual. There is no such thing as a joint IRA account.

True

False

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Question 8

Anyone can contribute to a Roth IRA regardless of how much income they make in a given year.

True

False

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Question 9

You cannot contribute to an IRA if you have already contributed the maximum to a defined contribution retirement plan at work.

True

False

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Question 10

Imagine that you are married and file a joint tax return. You are employed but your spouse stays at home to take care of your two young children. Can your spouse contribute to an IRA using money that you earned?

Yes

No