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.




spousal IRA is ...
... part of the
Retirement and Taxes subjects.
Loading...

Featured Sponsor





Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z