“I am retired but my wife still has earned income. Can I place money in an IRA that is in my name. Income requirements will be met.”--> If you are the spouse of someone who has an earned income, you can have an IRA in your name, even if you aren’t actively earning an income. In this arrangement, your spouse, who earns income, makes spousal contributions to your IRA. There are eligibility rules, though. You have to be married, and you have to file a joint tax return. If the income earning spouse files as head of household or you file separately, the spousal IRA thing doesn’t work.However, IRS rules prevent you from making Traditional IRA contributions beginning the year you turn 70 1/2.