Spousal IRA
A Traditional or Roth IRA established and funded by an individual for his or her spouse. Investopedia Says:
These plans are typically set up when the spouse has little or no income, as they provide added benefits in that case. The contribution limits and eligibility requirements for a spousal IRA are the same as those for a regular IRA. Related Terms:
Community Property
IRA Adoption Agreement And Plan Document
IRA Conversion
Marital Property
Non-Qualified Distribution
Ordering Rules
Qualified Distribution
Recharacterization
Reconversion
Required Minimum Distribution - RMD
Roth IRA
Triggering Event |