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TAX PLANNING

What is a Spousal IRA and Should I Open One For My Spouse?

By The BIDaWIZ Team on February 23rd, 2012 at 11:00 am

When we think about an IRA, our initial reaction is that we need to have earned income to contribute to the account. However, spouses that stay at home, were laid off, or are just taking time off from work, can also benefit from a spousal IRA. .
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