What are Spousal IRAs? What are the Spousal IRA contributions limits, and what are the Spousal IRA rules?
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Individual retirement accounts are a no brainer, when it comes to retirement investing for beginners, or for anyone, for that matter. But what you can for a non-working spouse is sometimes not as clear. So here, we talk briefly about how Roth IRAs work and some Roth IRA investing strategies with maybe some best IRA investments, but our primary focus is on Spousal Roth IRAs, so opening a Roth IRA for your spouse.
The question of whether or not to open an IRA account, given the individual retirement account advantages and disadvantages, is an easy answer.
This video was brought to you by Jim Schultz with F Cubed.
Video editing by Nicholas Caseletto – Reach out to him here!
Music:
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Did you know you could do this?!? Let me know!
Thanks Sir!!!
Can i open one even if my husband has a 401k through work? Will it be pre tax contributions for him?
So the non working spouse can just open a Roth IRA and contribute?
James – so I can contribute the limit for the year for me and for my spouse? which means, double my tax savings in IRA? we are under the earnings amount…am I correct in my statement ?
2:46 contribution or “CONTRINUTION”??!?!
Up the Ra
Good info. We both have IRAs and particularly use them when they have a tax advantage.
Interesting stuff! I did not know this! Thanks for sharing Jim!
Nice video, you are so knowledgeable, love your tips!
I am not sure about the rules in Canada. I have to ask my husband.
Hahaha #dualmasters!!! Very simple and easy to follow, even for a non-finance person like myself.
I love how taxes were even mentioned in the matrix – https://www.youtube.com/watch?v=zQ1_IbFFbzA&t=98s
love this as always!!
Jim, thanks for this breakdown on spousal IRA's. It's so good to know more about this!
Spousal IRAs are a huge benefit! Great topic!
Great and important topic! Your enthusiasm is contagious!
Your ebook sounds sooo awesome! Thanks for such a specific and informative breakdown on Spousal IRAs! Cheers!
Good to know spousal IrAs are pretty much the same as reg IRAs
Talking to the hubby about this!
save thosssseeeee dollars!!! 😀
Love that… the three F's … !!!! (btw) … 🙂 …. Love that you are helping people to think in this way! pretty painfree!!!! woohoo! ~Elizabeth
Sounds like a good idea!