Spousal IRA

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Dictionary Says

Definition of 'Spousal IRA'

A type of individual retirement account that allows a working spouse to contribute to a nonworking spouse's retirement savings. A spousal IRA creates an exception to the provision that an individual must have earned income to contribute to an IRA. The working spouse's income, however, must equal or exceed the total IRA contributions made on behalf of both spouses.
Investopedia Says

Investopedia explains 'Spousal IRA'

To qualify to make spousal IRA contributions, the couple also must file a joint tax return. Spousal IRAs can be either traditional or Roth IRAs, and are subject to the same annual contribution limits, income limits and catch-up contribution provisions as traditional and Roth IRAs. While IRAs cannot be held jointly in both spouse's names, spouses can share their account distributions in retirement.
Search results for

'Spousal IRA'

  • Making Spousal IRA Contributions

    http://www.investopedia.com/articles/retirement/03/021903.asp
    Making Spousal IRA Contributions. February 04 2008 ... These contributions are
    referred to as "spousal IRA contributions". Here we review ...

  • Traditional IRA Deductibility Limits For 2011

    http://www.investopedia.com/articles/retirement/03/011603.asp
    ... Spousal IRA Contribution You may contribute to a spousal IRA on behalf of
    your non-working spouse. The limits discussed above apply. ...

  • An Introduction To Correcting Ineligible IRA Contributions

    http://www.investopedia.com/articles/retirement/04/033104.asp
    ... An individual who makes minimal or no compensation may receive a spousal IRA
    contribution from his or her spouse, provided certain requirements are met. ...

  • The Tax Benefits Of Having A Spouse

    http://www.investopedia.com/articles/retirement/06/marriedperks.asp
    ... For this purpose, the spouse who has taxable compensation is allowed to make a spousal
    IRA contribution to the IRA of the spouse who has no taxable compensation ...

  • Roth IRAs: Contributions | Investopedia

    http://www.investopedia.com/university/retirementplans/rothira/rothira2.asp
    ... Spousal IRA Contribution An individual may establish and fund a Roth IRA
    on behalf of his/her spouse who makes little or no income. ...

  • Traditional IRAs: Contributions | Investopedia

    http://www.investopedia.com/university/retirementplans/ira/ira2.asp
    ... Spousal IRA Contribution An individual may make an IRA contribution on
    behalf of his or her spouse who makes little or no income. ...

  • Series 6 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/traditional-iras.asp
    ... study guide. This section is about IRA and Traditional IRA, which includes
    Spousal IRA and required minimum distributions (RMDs). ...

  • Series 26 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/series-26/retirement-college-plans/individual-retirement-accounts-iras.asp
    ... Spousal IRA: Spousal IRAs are available for couples that include a non-working spouse. ...
    The IRA owned by the nonworking spouse is called a spousal IRA. ...

  • Saving For Retirement When You're Not Working

    http://www.investopedia.com/articles/retirement/09/vehicles-save-retirement.asp
    ... The Spousal IRA Nonworking spouses who file joint tax returns also have the option
    of contributing to a Traditional or Roth IRA as long as their spouses have ...

  • Common IRA Rollover Mistakes

    http://www.investopedia.com/articles/retirement/06/rollovermistakes.asp
    ... A Traditional IRA you inherit from your deceased spouse (To learn more about spousal
    benefits, see Making Spousal IRA Contributions and The Benefits Of Having ...

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