Sorry if this has been asked before, but I wasn’t able to find anything about it. So basically I’m looking for info/advice regarding what the title says. We’ve been married for about a year now, and I have a Roth from before we got married. Should she open a Roth as well in her name? I’m nowhere near maxing out my contributions. Would it be more beneficial for us to double down on mine or make one for her?
Edit: I guess my main question would be, is the compounding effect better/worse with the money in one Roth or in 2? We won’t be able to max our contributions to even one account for at least another 10 years, and that’s if we’re lucky. So just for example, would $2k compound better/faster in one account or would it compound better/faster as $1k in two accounts?