Saving for retirement can be very difficult for married spouses who stay home to care for family or otherwise have little ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University.

Spousal individual retirement accounts allow a working spouse to contribute to a nonworking or low-earning spouse’s retirement savings. They can be set up as a traditional IRA or Roth IRA, which allow ...

You can name your spouse as a beneficiary to inherit your Roth IRA when you die. You can open a spousal IRA in your spouse's name and fund it with your income even if they aren't working.

To qualify for a spousal IRA, spouses must file taxes jointly as a married couple, and the working spouse must have enough ...

Spouses who inherit a Roth IRA from their spouse have several options for how to handle it.; If they are the sole beneficiary, spouses can designate themselves as the account owner and avoid ...

Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at ...

The SECURE Act largely eliminated the so-called stretch IRA that allowed non-spouse beneficiaries to take distributions over their lifetimes.

you should coordinate investments in a spousal IRA with other retirement plans, such as the working spouse’s 401(k) and traditional or Roth IRA. Note: This item first appeared in Kiplinger ...

The contribution limits for a spousal IRA are the same as those for traditional and Roth IRAs. Inheriting an IRA as a spouse can be a complex process. Here are four useful tips to help unpack your ...

If you inherit a Roth IRA from a parent or non-spouse who died in 2020 or later, you can: Open an inherited IRA and withdraw all the funds within 10 years. You do not have RMDs, but the maximum ...

A spousal IRA allows a working partner to open an individual retirement account (IRA) for their non-working spouse to save for retirement. Spousal IRAs can be especially beneficial in times of ...