Secure your financial future with the Spousal IRA, a powerful retirement savings tool designed specifically for stay-at-home ...

Dear Need, Saving for retirement can be very difficult for married spouses who stay home to care for family or otherwise have ...

Saving for retirement can be very difficult for married spouses who stay home to care for family or otherwise have little ...

Spousal IRAs allow working spouses to contribute to an IRA for a non-working spouse. Spousal IRAs are the same as Roth or traditional IRAs but are designed for married couples.

To qualify for a spousal IRA, spouses must file taxes jointly as a married couple, and the working spouse must have enough ...

If the reader is a young spouse, fifty years old, and recently inherited an IRA from their 55-year-old spouse who passed early, they would not have to start taking RMDs for another twenty years.

Inherited IRAs and spousal IRAs are two different types of accounts that you can use for retirement planning. An inherited IRA is created when someone inherits that account, often from a non-spouse.

Ideally, though, you should coordinate investments in a spousal IRA with other retirement plans, such as the working spouse’s 401(k) and traditional or Roth IRA.

A spousal IRA allows a working spouse to contribute to a nonworking or low-earning spouse’s traditional IRA or Roth IRA. Spousal IRAs could help many couples increase their retirement savings.

The earning/contributing spouse must make enough to cover the contributions to both their own IRA and the spousal account. In 2022, the IRA contribution limit is $6,000 per year for those under ...

The spousal IRA allows a working spouse to contribute to a non-working spouse’s retirement savings. Here’s what you need to know.

A spousal IRA allows a working partner to open an individual retirement account (IRA) for their non-working spouse to save for retirement. Spousal IRAs can be especially beneficial in times of ...