What You Should Know About Spousal IRAs

What You Should Know About Spousal IRAs
A spousal IRA an ideal retirement-savings tool for some. Dreamstime/TCA
Tribune News Service
Updated:
By Emma Patch From Kiplinger’s Personal Finance

Millions of spouses leave the workforce every year to care for children or elderly parents, a move that can jeopardize retirement security. But if one partner is working, a spousal individual retirement account (IRA) can help close the gap.