What is a Spousal IRA?
Posted by PF Guru on 13 February, 2010
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This item was filled under [ Glossary ]
A spousal IRA allows contributions to be made to into an account on their spouses behalf. They were created to allow stay at home parents to put away money for retirement even if they don’t earn any income. Normally you’re allowed to contribute $5,000 or 100% of your income to your IRA. However if you’re [...]