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There’s a popular misconception that because you don’t work, you can’t contribute to a retirement account. However, the spousal IRA contribution is one of the tax code loopholes that gets around this general rule and is a great way to save for retirement, in addition to building assets in the non-working spouse's name.
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There’s a popular misconception that because you don’t work, you can’t contribute to a retirement account. However, the spousal IRA contribution is one of the tax code loopholes that gets around this general rule and is a great way to save for retirement, in addition to building assets in the non-working spouse's name.