Possible to transfer IRA funds to spouses IRA?
Possible to transfer IRA funds to spouses IRA? My wife and I are retired. I have a traditional IRA, my wife does not. We are about to separate (not divorce) and I would like for her to set up an IRA. I would then like to transfer funds from my IRA to hers so that she can receive income and assume the tax responsibility. The objective being for me to avoid a higher tax rate than if I just tak...