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Should I fund my wife's Roth IRA account with withdrawals from my Roth IRA?

I am 62 years old, my wife is 51, and our son is 19. My wife and I both have Roth IRAs, each valued over $100,000. I am retired and my wife still works. I am thinking of funding her IRA by withdrawing from mine. Is this a good idea?

Retirement, IRAs
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April 2018

I'm missing how this is a good idea, or what you are trying to accomplish.

So no I don't think this is a good idea.

 

There are no required minimum distributions required on a ROTH IRA- so you aren't pushing those back.

 

If you are looking to fund her ROTH IRA you should do it from other savings or current income.

 

Best of luck.

 

April 2018
April 2018
April 2018
April 2018