I have a Variable Annuity IRA from which I am taking distributions which exceed my RMD. That excess distribution has been previously rolled over into my Roth IRA. Is it allowable to roll over these excess funds into my wife's Roth IRA?
My annuity is inside my IRA and I am taking lifetime guaranteed income from the variable annuity which exceeds my present RMD. The excess is a rolled over to my Roth. Neither my wife nor I have any earned income to allow further contributions to our Roth IRAs.