A spousal IRA is a type of individual retirement account (IRA) to which a working spouse can contribute in the name of the nonworking spouse. Typically, individuals must earn income to contribute to atraditional individual retirement account (IRA)or aRoth IRA. However, if you’re married, yo...
In reality, there's no such thing as a spousal IRA, just a rule that allows you to rely on your spouse's income when you contribute.