Anyone who has earned income equal to or greater than their IRA contribution is eligible If you contribute to an employer-sponsored plan like a 401(k) or 403(b), you may still be eligible for a Traditional IRA If you have no earned income but your spouse earns enough income to cover your contribution as well as their own, you can still make contributions to your IRA There's no limit to the number of individual retirement accounts (IRAs) you can own, as long as they do not exceed the maximum contribution across all accounts.