Spousal IRA
RetirementAn IRA contributed to on behalf of a non-working or low-earning spouse, using the working spouse's income for eligibility.
Example
Example: For someone with $300,000 in retirement savings planning to retire at 65, spousal ira directly affects their strategy. Since it involves an ira contributed to on behalf of a non-working or low-earning spouse, using the working, understanding this concept could mean an extra $50,000-$100,000 in retirement assets. Plan with our retirement calculator.