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.
