Spousal Individual Retirement Accounts

A spouse who stays at home to take care of children or other dependents is likely to have reduced Social Security benefits and will not have access to a workplace retirement plan. So a spousal Individual Retirement Account (IRA) can be an important step to enabling retirement security. An IRA is a...

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Main Author: Lisa Leslie
Format: Article
Language:English
Published: The University of Florida George A. Smathers Libraries 2014-11-01
Series:EDIS
Subjects:
Online Access:https://journals.flvc.org/edis/article/view/132006
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author Lisa Leslie
author_facet Lisa Leslie
author_sort Lisa Leslie
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description A spouse who stays at home to take care of children or other dependents is likely to have reduced Social Security benefits and will not have access to a workplace retirement plan. So a spousal Individual Retirement Account (IRA) can be an important step to enabling retirement security. An IRA is a tax-advantaged way to accumulate money for retirement. In order to contribute to an IRA you must have taxable compensation. But if your spouse has taxable compensation and you file a joint return, then you can fund an IRA. This 2-page fact sheet was written by Lisa Leslie, and published by the UF Department of Family, Youth and Community Sciences, November 2014.
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spelling doaj-art-af99e6833aca40c29c292ae14041b46f2025-02-08T05:59:59ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092014-11-0120149Spousal Individual Retirement AccountsLisa Leslie0University of Florida A spouse who stays at home to take care of children or other dependents is likely to have reduced Social Security benefits and will not have access to a workplace retirement plan. So a spousal Individual Retirement Account (IRA) can be an important step to enabling retirement security. An IRA is a tax-advantaged way to accumulate money for retirement. In order to contribute to an IRA you must have taxable compensation. But if your spouse has taxable compensation and you file a joint return, then you can fund an IRA. This 2-page fact sheet was written by Lisa Leslie, and published by the UF Department of Family, Youth and Community Sciences, November 2014. https://journals.flvc.org/edis/article/view/132006FY1456
spellingShingle Lisa Leslie
Spousal Individual Retirement Accounts
EDIS
FY1456
title Spousal Individual Retirement Accounts
title_full Spousal Individual Retirement Accounts
title_fullStr Spousal Individual Retirement Accounts
title_full_unstemmed Spousal Individual Retirement Accounts
title_short Spousal Individual Retirement Accounts
title_sort spousal individual retirement accounts
topic FY1456
url https://journals.flvc.org/edis/article/view/132006
work_keys_str_mv AT lisaleslie spousalindividualretirementaccounts