IRA & investment related?

With new $$ coming in (inhertiance) ...I have a question about ira's and related.

per this new money I already figured i would max out my own IRA 100% .

But other than the inheritance, Im in a low enough tax bracket that maxing or contributing additionally to wifes IRA' doesnt make sense tax wise.

SInce the wife & I will inherit each others IRA if I did set her up one (she doesnt have one and we are both nearly 50).

I have a traditional & a ROTh.

But figure on putting at least 1/3 or more of the new money into retirement (whether IRA's or just sock it away in invesments I wont touch).

Is there any other value other than taxs to go ahead and max out both ira's? despite the fact I dont make enough income
(other than inheritance) to benefit taxdeduct wise?

I am assuming I will use SS and also a very small pension.

But I will have enough saved via this 35% to live without the ss or pension.

Sounds like, even w/o taxes that using IRA to get to my 35% goal is a good deal.

Note< I invest both inside a IRA and in a regular brokerage and externally to brokerage into a DRIP.

My husband contributes to his 401K and I contribute to my Roth IRA and we've been doing it this way for years.

I think you're forgetting the real reason for an IRA.. It's for your RETIREMENT. Do you have enough in your retirement plan to live comfortablye when you retire? Are you planning on using Soc Sec? Or is your inheritance enough to keep you safe for the rest of your life?

There is also the alternative of using your IRA for investment. Self directed IRA funds allow for investing using the funds from your IRA in venues you choose. It's not a well known fact that IRA money can be used for down payment on real estate investments but they require a very specialized loan called a non-recourse loan.

If you both qualify, max out Roth IRAs for both of you. Once the money's in there, the investments compound tax-free from that point forward.