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Thread: USAA Roth IRA Question!

  1. MilitarySOS Jewel
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    #1

    USAA Roth IRA Question!

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    Does anyone know how you can add someone to your IRA. I need to add DH to mine so he can have access and add money and do tax stuff with it but cant find how to do it online. Is this something I will have to call for?
  2. Senior Member
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    #2
    I believe because of the tax status of an IRA, you can't add a second primary to it. You can add him as a benificiary, but I don't think that would give him any access.
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    #3
    That is my understanding as well.

    IF he wanted to add money, he would probably just want to open up his own account...and for tax purposes, that may or may not be in your best interests.
  4. MilitarySOS Jewel
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    #4
    He has his own, just wanted to give him access so he can do it and access the tax information for it. Thanks for the info though, thats kind of what I was thinking since I couldn't find an option for it on the site.
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    #5
    Sam,
    I would look into having him "gift" you the $ and then you add it to the IRA. I think there are tax benefits to both of you using that method. It's been a few years though, lol.



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    #6
    Just type "USAA Power of Attorney" in the search box on usaa.com and the form will show up that will allow him to do the stuff you're wanting him to be able to do with respect to your accounts at USAA. You do have to get it notarized. It is truly a power of attorney, but only effective at USAA.
    J.J. Montanaro is a CERTIFIED FINANCIAL PLANNER practicioner with USAA Financial Planning Services one of the USAA family of companies.
  7. MilitarySOS Jewel
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    #7
    Perfection! Thanks so much!
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    #8
    We have Roth IRAs through USAA and they told me we couldn't add anyone as a second account holder as they are individual accounts. You might be able to authorize him to do stuff to it though with a POA.
    [CENTER]"Be curious, not judgemental." -- Walt Whitman

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