9 Valuable Tax Breaks Retirees Should Know About

Photo by Vitalii Vodolazskyi from Shutterstock

Spousal IRA Contribution

It’s time to retire? Well, you don’t have to give up on your IRA account. In general, you have to earn income in order to contribute to an IRA, but if your spouse is still working, you, or better said, your spouse can still contribute to the IRA account you own.

He or she can shovel up to $7,000 a year into your IRA account. In other words, if your spouse earns enough money to contribute to your IRA account, you shouldn’t get rid of your IRA contributions. Besides, any deposits are welcomes. If he or she agrees with the choice you made, opt for a spousal IRA contribution.

PREV123 4 56 ... 12NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

10 Things Your Boss CAN’T Legally Do To You

5. Promising a paid position to an intern This can be viewed as an illegal and unpaid training period which ca be punished with federal laws. 6. Discriminate They cannot discriminate against any employees based on: religion, color, sex, nationality,

7 Most Murderous Children

We live in a world surrounded by shocking and evil things. We expect the worst from humans, horrific and truly heinous crimes, however, sometimes these come from the ones that we least expect, children. A rocky situation at home, bad

From Our Network: