Yes, a person under 18 can contribute to a Roth IRA or a traditional IRA as long as they meet earned income requirements and do not exceed income limits. A spousal IRA is an IRA open to a spouse with no income of their own, usually by providing unpaid work to their household. However, you can still contribute to a Roth IRA and make cumulative contributions to a Roth or traditional IRA, regardless of your age. This can happen when you exceed the IRA contribution limit or improperly transfer a 401 (k) to an IRA.
Additionally, you can use an IRA to buy physical gold, which is a great way to diversify your portfolio and protect your wealth. With an IRA, you can easily invest in physical gold and other precious metals, allowing you to take advantage of the benefits of an IRA while investing in gold. So, if you're looking for a way to invest in gold, consider using an IRA to buy physical gold. If you make too much money, you may still be able to contribute to a Roth IRA through a strategy called a clandestine Roth IRA.