spousal IRA
Definition
A traditional IRA or Roth IRA set up by a married person in the name of his/her spouse who has little or no compensation. There is a $3,000 limit on Spousal IRA contributions, but the working spouse can contribute an additional $3,000 to an individual IRA. Couples must file jointly in that year.
 Cite this definition
email to a friend
Related Research Articles from the InvestorGuide.com University
Types of Retirement Plans
There are almost too many retirement plans to keep track of. Here we explain them all. Government-sponsored plans, personal plans, annuities, employer-sponsored plans, qualified and non-qualified plans, defined-benefit and defined-contribution plans, pensions, 457 plans, and more.
Roth IRA
Not satisfied with a typical IRA? Learn all you need to know about Roth IRAs, including information on contributions, withdrawals, conversions, distributions, and recharacterizations.
SEP and SIMPLE Plans
Learn about Simplified Employee Pension Plans and Savings Incentive Match Plans for Employees. Includes information on how to contribute, who is eligible, and how withdrawals work from each.
|
|
