Spousal IRA

What Does Spousal IRA Mean?
A Traditional or Roth IRA established and funded by an individual for his or her spouse.

Investopedia explains Spousal IRA
These plans are typically set up when the spouse has little or no income, as they provide added benefits in that case. The contribution limits and eligibility requirements for a spousal IRA are the same as those for a regular IRA.

Related Terms

Community Property
IRA Adoption Agreement And Plan Document
IRA Conversion
Marital Property
Non-Qualified Distribution
Ordering Rules
Qualified Distribution
Recharacterization
Reconversion
Required Minimum Distribution - RMD
Roth IRA
Triggering Event
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Can I contribute to my spouse's IRA?

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