Post Type: Quick Baby Boomer Financial Munchie
Save For Your Spouse/Loved One: Smart Retirement Planning Tip
Quick Answer:
One word: Spousal IRA
Okay that’s 2. 🙂
If your spouse does not work…
And you do…..
You can make contributions FOR your spouse in a spousal IRA.
Rules include:
- You must be under age 70.5 (unless its a Roth IRA, then no age restrictions)
- You must have earned taxable income
More information can be found at:
Good stuff!
GRAB IT NOW