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

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

"What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost our retirement ...

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

How they work A spousal IRA isn’t a unique type of IRA or a joint account, but instead it is a separate IRA opened and owned in the name of the non-working or low-income earning spouse.

A spousal IRA isn’t an official account type, but instead refers to the ability of a working spouse to make IRA contributions on behalf of their non-working (or low-earning) spouse.

The spousal Social Security benefit is based on your partner's work record, and between 32.5% and 50% of their primary insurance amount, depending on when one claims it.

They will need to make up as much as $20,000 that the wife is currently contributing to a 401 (k) and IRA. Given all of this information, the Redditor is wondering what else they might be missing.