In this video, we are talking about the Spousal IRA and how it can be used to save for retirement if you are not working. Caretakers like stay-at-home moms and stay-at-home-dads get dinged twice when it comes to retirement savings. Without earned income, it’s hard to save, and without income, you don’t accumulate Social Security credits. The Spousal IRA is a solution for the stopgap in income if you take time out of the workforce. It is one the of key investment accounts you should own and fund.

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VIDEO RESOURCES:
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VIDEO CHAPTERS
00:00 Intro
01:14 What is an IRA?
02:50 How income plays a role in qualifying for an IRA
03:05 An IRA in your name
03:35 Requirements for a spousal ira
04:35 Final takeaway

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The information presented here does not consider the economic status or risk profile of any specific person. The information and opinions expressed should not be construed as investment/trading advice and do not constitute an offer, or an invitation to make an offer, to buy and sell securities….(read more)

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