The Motley Fool has a disclosure policy.
What Is a Spousal IRA & How Do I Use It?
For couples looking to save for two retirements when only one spouse is earning income.
Key Points
- A spousal IRA allows one spouse to fund an IRA for the other, even without individual income.
- To contribute, spouses must file jointly and meet income limits for Roth or contribute to traditional IRAs.
- Contributing to a spousal IRA can significantly increase a couple's retirement savings potential.