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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Format: | Article |
Language: | English |
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The University of Florida George A. Smathers Libraries
2014-11-01
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Series: | EDIS |
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Online Access: | https://journals.flvc.org/edis/article/view/132006 |
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_version_ | 1823868318946164736 |
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author | Lisa Leslie |
author_facet | Lisa Leslie |
author_sort | Lisa Leslie |
collection | DOAJ |
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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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format | Article |
id | doaj-art-af99e6833aca40c29c292ae14041b46f |
institution | Kabale University |
issn | 2576-0009 |
language | English |
publishDate | 2014-11-01 |
publisher | The University of Florida George A. Smathers Libraries |
record_format | Article |
series | EDIS |
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 |